Search Header Logo
13.1 Introduction

13.1 Introduction

Assessment

Presentation

Other

12th Grade

Practice Problem

Easy

Created by

Lewis Tinker

Used 2+ times

FREE Resource

8 Slides • 5 Questions

1

media

2

media

3

media

4

media

5

media

6

media

7

media

8

media

9

Multiple Choice

1.     What is meant by the term ‘profit’?

1

a.     How much money a company spends on new machinery

2

b. The amount of money a company receives from selling its goods or services

3

c. The money a company pays its shareholders

4

d.  The amount of money a company receives minus its running/manufacturing costs

10

Multiple Choice

2.     What is meant by the term ‘customers’?

1

a.     The people who work for a company

2

b.     The people who visit the website of the company

3

c. The people who buy the company’s goods or services

4

d.    The people who use the company’s goods or services

11

Multiple Select

3.     Which of these can be described as stakeholders?

1

a.     The people who work for a company

2

b.     The people who buy the goods and services

3

c.     The people who own the company

4

d.     The people who sell goods or services to the company

12

Multiple Choice

4.     What is meant by the term ‘competition’?

1

a.     Other companies that provide the same goods or services

2

b.     The process where employees are given a promotion

3

c.     Other companies that deliver to the organisation

4

d.     The people who buy the goods and services

13

Multiple Choice

5.     What is meant by the term ‘value added’?

1

a.     The price of a product to the customer

2

b.     The price of the raw materials used to make a product

3

c.     The extra value added to the goods compared to the raw materials

4

d.     The whole cost of running the company for a year

media

Show answer

Auto Play

Slide 1 / 13

SLIDE