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CBI ENTREPRENEUR QUIZ Flashcards | StudBud
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CBI ENTREPRENEUR QUIZ
CBI ENTREPRENEUR QUIZ
9 terms
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StudBud Administration
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Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
Yes?
Yup.
No.
Maybe.
Why?
2
What is Sole Proprietorship?
A business owned completely by one person.
Something about spirituality.
Not a clue.
Definitely.
3
What is an Entrepreneur?
Entrepreneur?
A person who makes a business
I dont know.
Somebody who does stuff.
4
What does Net Profit mean?
No.
Making a net out of money.
Catching money in a fishing net.
Amount left after Op. Expenses are taken from Gross Profit.
5
What are Operating Expenses.
Something you receive after a surgery.
The cost of running a business.
Yes...
Something doctors pay.
6
What is Goodwill in business terms?
A business that sells donations.
Yes.
Loyalty of existing customers.
The employees doing good to customers.
7
What is an Income Statement?
A summary of a business’s income and expenses
A statement of some sort.
No
Yes.
8
What is a Corporation?
Something owned by filthy capitalists.
Something thats corrupt!
yes.
A business that legally operates apart from business.
9
What is Revenue?
Maybe...
Possibly...
Income from sales.
Something that sounds like Avenue.
