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15 questions
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- 1. Multiple Choice
What Logo Is This?
Aple
Banana
Apple
Pear
- 2. Multiple Choice
Goods are a physical product that you can buy
True
False
- 3. Multiple Choice
What Logo Is This?
Chanel
Guccci
Guci
Gucci
- 4. Multiple Choice
What Logo Is This?
Channel
Chanel
Channell
Cahnel
- 5. Multiple Choice
What is the formula for revenue?
Price x Quantity
Price - Quantity
Quantity + Price
- 6. Multiple Choice
What Logo Is This?
Vodafone
ID
AA
EE
- 7. Multiple Choice
What is the formula for net profit?
Other Operating Expenses - Gross Profit
Net Profit - Gross Profit
Gross Profit - Other operating expenses
- 8. Multiple Choice
What is the formula for Profit?
Total revenue - Total Costs
Sales Revenue - Costs of Sales
Fixed Costs + Variable Costs
- 9. Multiple Choice
What is the formula for Loss?
Total costs + Total Revenue
Total Revenue - Total Costs
The formula for Gross Profit
The formula for Net Profit
- 10. Multiple Choice
What is Business Cash Flow?
When profit starts to increase
When Profit starts to decrease
When profit stays the same
- 11. Multiple Choice
What is Partnership?
2 - 20 people working in a business
1 person working alone in a business
- 12. Multiple Choice
A partnership doesn't have any employees
True
False
- 13. Multiple Choice
A sole trader works alone
True
False
- 14. Multiple Choice
What is a business owned and operated by one person?
Soletrader
Partnership
Corporation
- 15. Multiple Choice
What is ONE advantage of being a Soletrader
You make ALL the decisions
Easy to raise money
You have to share profits
It Is easy to go on holiday and relax without being called back to work if something happens
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