WorksheetsBusiness, Marketing, and Finance – Final Assessment
Total questions: 31
Worksheet time: 10hrs 20mins
The money a business earns before expenses
Revenue
Profit
Expense
Capital
The money left after expenses are subtracted from revenue
Profit
Loss
Revenue
Expense
The costs required to run a business
Expense
Revenue
Asset
Profit
Money or assets used to start or grow a business
Capital
Revenue
Dividend
Liability
Money put in to generate more money
Investment
Expense
Debt
Brand
The ability to borrow money and pay it back later
Credit
Deposit
Withdrawal
Investment
Extra money paid for borrowing or earned on savings
Interest
Principal
Deposit
Loan
A specific group of consumers a business wants to reach
Target Market
Mass Media
Product Mix
Market Share
A unique name, symbol, or design identifying a company
Brand
Logo
Trademark
Slogan
Which of the following is an example of a promotion?
Setting a product price
Offering a “buy one, get one free” deal
Delivering a product
Creating a new product design
Why is market research important?
Guarantees yearly profit
Helps understand customers and competitors
Removes the need for advertising
Reduces expenses to zero
What is competition?
A business expanding
Other companies offering similar products
Customers loyal to one brand
A new advertisement
Why are time management and professionalism important?
They improve customer loyalty
Help meet deadlines and represent the business well
Guarantee a higher salary
Eliminate workplace expenses
Paula is reconsidering entrepreneurship because of long hours and family needs. What is she considering?
Work environment
Work-life balance
Benefits
Job outlook
Services or rights provided in addition to wages are called:
Bonuses
Benefits
Pay
Job security
The extent to which an assessment measures what it claims is known as:
Credibility
Validity
Solidity
Reliability
Choosing a career path requires awareness of skills, values, and interests.
True
False
Which is NOT a tip for taking career assessments?
Answer honestly
Take questions seriously
Talk to parents about results
Consider desired traits
The “M” in SMART goals stands for:
Medium
Modern
Measurable
Mitigation
What career cluster includes administrative services managers?
Finance
Business Management & Administration
Marketing
Education
Which is NOT a key benefit of goal setting?
Increased confusion
Enhanced motivation
Improved focus
Ability to measure progress
Skills needed for a finance career include:
Attention to detail
Effective communication
Mathematical proficiency
Social media skills
Skills needed for business administration:
Marine biology expertise
Graphic design mastery
Strong leadership & organization
Landscape architecture skills
Talent examples include all except:
Problem-solving
Artistic ability
Fluency in languages
Inability to work in a team
A person who purchases goods and services for personal use is called a _____________.
consumer
retailer
manufacturer
wholesaler
29. SEO stands for Search Engine ____________.
Optimization
Operation
Organization
Observation
30. The difference between revenue and profit can be explained as:
Revenue is the total income from sales, while profit is what remains after all expenses are deducted.
Revenue is the money left after paying taxes, while profit is the total sales amount.
Revenue and profit are the same and can be used interchangeably.
Revenue is the amount spent on production, while profit is the total income from sales.
A ______ is a person who purchases goods and services for personal use.
Consumer
Producer
Supplier
Manufacturer
______ is the process of making something as effective or functional as possible.
Optimization
Minimization
Randomization
Simplification
______ is the total money earned before expenses. Example: A smoothie stand earns $200 in sales.
Revenue
Profit
Loss
Equity
Fill in the blank: ______ is the money left after expenses are subtracted. Example: After spending 120onsupplies,profitis 80.
Profit
Revenue
Debt
Tax
