Business Management - Dawn Dougherty | Biblioteka

Obavezno

1

How did COVID-19 affect employment in businesses?

Everyone got a promotion

Job openings increased

It didn't affect employment

Many people lost their jobs

Obavezno

1

Which is a risk entrepreneurs face?

Difficulty in getting a college admission

Failure of their business

Unemployment

Inability to buy a house

Obavezno

1

What is the relationship between risk and reward in business?

Risk does not affect reward

Lower risk leads to higher reward

Reward does not affect risk

Higher risk can lead to higher reward

Obavezno

1

What is the key difference between a good and a service?

One can be sold, the other cannot

One costs money, the other is free

One is tangible, the other is not

One is for business, the other is for leisure

Obavezno

1

Which of the following is an example of a service?

A new car

Bottle of water

Haircut at a barbershop

A pair of shoes

Obavezno

1

What is revenue in business?

The amount of money left after taxes

The amount of money invested in the business

The net income after expenses

The total amount of money a company makes

Obavezno

1

What represents a company's profit?

Revenue minus investments

Total revenue plus expenses

Revenue minus business expenses

Total sales

Obavezno

1

Which of the following results in a business loss?

Revenue is greater than expenses

Expenses equals profits

Expenses are greater than revenue

Revenue equals expenses

Obavezno

1

What typically happens when a business has consistent losses?

Revenue will increase drastically

It may eventually go bankrupt

It will become more profitable

Obavezno

1

What is the primary goal of a business?

To generate profit

To work with competitors

To employ people

To create monopoly