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Business term quiz

Total questions: 15

Worksheet time: 7mins

Name
Class
Date
1.

What are cutbacks?

a)

return to former wounds.

b)

new investments in projects.

c)

a type of financial gain.

d)

reductions in spending or resources.

2.

What is turnover?

a)

the total revenue generated by a business from its operations.

b)

the total profit made by a business after expenses.

c)

the number of employees in a company.

d)

the amount of time a business operates in a year.

3.

Define efficiency!

a)

the ratio of useful output to total input in a process.

b)

the quality of being productive without waste.

c)

the amount of time taken to complete a task.

d)

the total input in a process.

4.

If a company offers to take care of your child at the place you work, it provides (a)   childcare

5.

Bankruptcy means...

a)
a type of insurance for financial losses.
b)
a method of saving money for future investments.
c)
a legal status of an individual or entity unable to repay debts.
d)
a process of increasing one's credit score.
6.

The difference in men's and women's salary doing the same work is called...

a)
salary inequality
b)
gender pay gap
c)
wage disparity
d)
income gap
7.

When you cannot come to work because you're ill, you are on

(a)  

8.

An arrangement made with the employer to pay money to the employee after retirement:

a)
Health insurance plan
b)
Severance package
c)
Retirement fund
d)
Pension plan
9.

Perks are...

a)
Salary and compensation
b)
Workplace culture
c)
Benefits or advantages associated with a job.
d)
Job responsibilities
10.

What is tuition?

a)

a type of scholarship for students.

b)

the cost of textbooks only.

c)

the fee for instruction at educational institutions.

d)

the amount paid for housing at a university.

11.

Cut down on means...

a)
to reduce or lessen something
b)
to eliminate or remove something
c)

to quit

d)

to lower the volume

12.

Everything the government gets in one year from the people is the tax (a)  

13.

Competitiveness means...

a)
the ability to compete effectively in a market
b)

being better than the others

c)
the skill to negotiate prices
d)
the ability to collaborate with others
14.

If an employee wants to motivate the staff, an option is to pay financial (a)  

15.

If there is some of your salary left at the end of the month, you...

a)

have a feast

b)

throw the house out of the window

c)

make ends meet

d)

are overpaid