Business: keeping track of money
Authored by Guinn Neil
Business
9th Grade
Used 2+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business make a record of the money that comes in and goes out. What do we call this record?
Revenue
Accounts
Costs
Profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person who makes a record of money coming in and going out is called an ..
Clerk
Leader
Lawyer
Accountant
3.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
What might happen to a business if it didn't keep track of money? [choose TWO]
It might be unable to pay its workers
It might achieve what it planned to achieve
It might be unable to pay for materials
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a source of revenue for a business? [choose ONE]
Spending on materials
Spending on wages
Sales
Spending on advertising
5.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
Which of the following are costs? [choose TWO]
Revenue from customers
Rent of buildings
Interest payments on loans
Income from savings
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a fixed cost?
A cost that the business has to pay even if it is closed for holidays
A cost that increases when the business produces more
7.
MULTIPLE SELECT QUESTION
45 sec • 2 pts
Which of the following are variable costs? [choose TWO]
Cost of raw materials
Employee salaries
Transport costs
Rent
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