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Business Management
By Dawn Dougherty
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Last updated over 2 years ago
10 questions
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Question 1
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Question 2
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Question 3
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Question 4
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Question 5
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Question 6
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Question 7
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Question 8
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Question 9
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Question 10
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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
Which is a risk entrepreneurs face?
Difficulty in getting a college admission
Failure of their business
Unemployment
Inability to buy a house
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
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
Which of the following is an example of a service?
A new car
Bottle of water
Haircut at a barbershop
A pair of shoes
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
What represents a company's profit?
Revenue minus investments
Total revenue plus expenses
Revenue minus business expenses
Total sales
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
What typically happens when a business has consistent losses?
Revenue will increase drastically
It may eventually go bankrupt
It will become more profitable
What is the primary goal of a business?
To generate profit
To work with competitors
To employ people
To create monopoly