BEP2O Week 1 Review
Authored by Bo Qian
Business
10th Grade
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating profit or loss in a business?
Profit (or Loss) = Revenue + Expenses and Costs
Profit (or Loss) = Revenue - Expenses and Costs
Profit (or Loss) = Revenue * Expenses and Costs
Profit (or Loss) = Revenue / Expenses and Costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you sell $1000 of shoes but you have to pay $400 for the shoes, how much profit do you make?
$600
$550
$400
$1000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two categories mentioned for classifying a business based on how it delivers goods or services to the customer?
Wholesale and retail
Retail and e-commerce
Manufacturing and services
Online and offline
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "bricks and mortar" refer to in the context of business classification?
Online stores
Physical retail stores
Manufacturing units
Service providers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an example of a service business?
First Choice Haircutters
TD Bank
Loblaws
Uber
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of most small or medium-sized businesses?
Fewer than 500 employees
Over one million in Canada
Provides jobs for more than 60% of the Canadian workforce
More than 1000 employees
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a want and not a need?
clothing
vacation
house
water
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