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WorksheetsEntrepreneurs, profit and loss
Total questions: 10
Worksheet time: 7mins
A person who makes an income from their own business is a ...
profit
loss
investment
entrepreneur
If the income of a business is higher than its expenses they can get ...
profit
loss
investment
entrepreneur
If the expenses of a business are higher than its income they make a ...
profit
loss
investment
entrepreneur
Most new businesses need .......... to buy things such as equipment.
profit
loss
investment
entrepreneur
A new business could also take a .......... from a bank.
share
income
expense
loan
People who earn shares in a business are called...
shareholders.
sharehavers.
sharetakers.
share buyers.
Which is NOT a way entrepreneurs get an income?
Buy and sell
Buy and rent
Create and smell
Create and rent
Mr. Leach buys a car for $10,000 and sells it to Mr. Shinada for $15,000. How much profit in $ did Mr. Leach make?
(a)
Mr. Shinada then sells the car he bought for $15,000 to Mr. Spencer for $17,500. How much profit did Mr. Shinada make?
(a)
Mr. Leach buys the car back from Mr. Spencer for $10,000. How much of a loss did Mr. Spencer take?
(a)
