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Business Review
Business Review
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#math#grade12
Flashcards
31 cards
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Practice quiz
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Questions
31
Answers
1
What you would like/wish for.
Revenue
Finance
Needs
Wants
2
Buy 10 pizzas (10 slices each) at $9. Sell the slices for $1. Total production cost = ?
$9
$90
$900
$100
3
The management of money, banking, investments, etc.
Profit
Finance
Competition
Revenue
4
Buy 10 pizzas (10 slices each) at $9. Sell the slices for $1. Maximum revenue = ?
$100
$1
$90
$900
5
Salaries, auto expenses, entertaining, and travel if required by the staff of the business.
Sales Expenses
Administrative Expenses
Office Expenses
Marketing Expenses
6
Advertising, packaging, promotions or the salesperson's commission.
Office Expenses
Sales Expenses
Loan Expenses
Marketing Expenses
7
What is required; a necessity.
Supply
Needs
Chocolate
Wants
8
The changes in demand for goods and services in a cyclical pattern.
Demand
Supply
Seasonal Variation
Competition
9
Insurance, licenses or setting up utilities (phone lines, internet connection, etc).
Office Expenses
Operating Expenses
Administration Expenses
Sales Expenses
10
Type of businesses that are run out of your home.
Retail
Commercial
Home
Mobile
11
Buy 10 pizzas (10 slices each) at $9. Sell the slices for $1. Maximum profit = ?
$100
$900
$90
$10
12
Buy 10 pizzas (10 slices each) at $9. Sell the slices for $1. Break even point = ?
75 slices
100 slices
90 slices
50 slices
13
The amount of a commodity that
producers
are willing and able to
offer
for sale.
Profit
Consumer
Demand
Supply
14
Type of businesses run out of a car, van, truck, etc.
Mobile
Home
Commerical
Retail
15
The person or persons who control or direct a business or other enterprise.
Producer
Consumer
Employees
Management
16
Buy 30 pizzas (10 slices each) at $10. Sell the slices for $2. Break even point = ?
150 slices
300 slices
$300
$150
17
Type of businesses that are usually located in business districts or business parks.
Mobile
Commercial
Retail
Home
18
The amount of a commodity that
consumers
are willing and able to
purchase
at a specified price.
Management
Supply
Producer
Demand
19
A person or business enterprise that
generates (creates)
goods or services for sale.
Producer
Competition
Consumer
Carnivore
20
Buy 30 pizzas (10 slices each) at $10. Sell the slices for $2. Total production cost = ?
$100
$3000
$300
$30
21
Space to operate and equipment to run the operation.
Loan Expenses
Administration Expenses
Marketing Expenses
Office Expenses
22
A person or organization that
purchases
or uses a commodity or service.
Herbivore
Consumer
Producer
Manager
23
Type of businesses found in places like mall, airports, hotel lobbies, etc.
Home
Mobile
Retail
Commercial
24
The activities such as advertising, packaging, and selling.
Marketing
Supplying
Managing
Producing
25
Rivalry between two or more businesses striving for the same customer or market.
Competition
Supply
Game
Demand
26
All the income produced by a particular source (like a business).
Profit
Demand
Revenue
Finance
27
Buy 30 pizzas (10 slices each) at $10. Sell the slices for $2. Maximum profit = ?
$500
$100
$600
$300
28
Photocopy machine, postage, pens and paper.
Marketing Expenses
Office Expenses
Sales Expenses
Administrative Expenses
29
Money made
after
expenses have been paid.
Marketing
Revenue
Finance
Profit
30
Buy 30 pizzas (10 slices each) at $10. Sell the slices for $2. Revenue if all sold = ?
$100
$600
$500
$300
31
Type of businesses that use the internet rather than a physical location to sell products.
Retail
Online
Home
Mobile
