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A #business #Quiz! quiz testing general business knowledge
Flashcards
20 cards
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Questions
20
Answers
1
What is business capital?
Wealth in the form of money or assets
A place where shares of companies are traded
An important building in Washington DC
2
Expenses that a company has on a regular basis are called
Overhead
Withdraw
Consumption
3
The surplus remaining after total costs are deducted from total revenue is called
Revenue
Income
Profit
4
Partnerships and sole proprietorships generally have a tax advantage over corporations
True
False
5
What is interest
The fee paid for the use or loan of money
A sum of money paid by a company to its shareholders
The money you put into a business
6
Total income before taxes are deducted
Revenue
Profit
Gross Income
7
What is the
Dow Jones
Industrial Average?
Sum of money paid regularly by a company
A place where shares of public companies are traded
A stock market index measuring 30 significant companies
8
Define business
Making or manufacturing something from raw materials
Organizations owned and operated by individuals
Exchanging goods and/or services for one another or money
9
A market in which stocks of publicly held companies are issues and traded
The Dow Jones market
A stock market
A flea market
10
How a company produces, delivers, and sells a product or service to create wealth is called the
Business model
Decision making
Competitive advantage
11
What is an
entrepreneur
?
A person who starts a business
A person who invests money
12
A sum of money paid regularly by a company to its shareholders
Revenue
Dividends
Interest
13
What type of business has stock?
Corporation
Sole proprietorship
Partnership
14
A measure of your workforce output is
Productivity
Leverage
Promotion
15
What are the four P's of the marketing mix?
Product, place, price, promotion
Product, placement, process, packaging
Price, planning,practice, packaging
16
A sole proprietorship has
Unlimited personal liability
Complete liability
Limited personal liability
17
When the intrinsic value of a stock is equal to the stock price, it is called
Market Price
Market Equilibrium
True Cash Flows
18
Define goods
Tangible products
Something that is morally right
19
A business that is owned by two or more owners who share profits and losses is called a
Partnership
Sole Proprietorship
Corporation
20
What is a stakeholder?
A party that has an interest in a company
An owner of shares in a company
