Capital, Turnover and Profit 2
Authored by busayo pedro
Business
8th Grade
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary difference between gross profit and net profit?
Net profit is the total revenue minus gross profit.
Net profit is calculated before deducting expenses; gross profit is after.
Gross profit includes all revenues; net profit does not.
Gross profit is calculated before deducting expenses; net profit is after.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of profit in a business context?
The amount remaining after all expenses are deducted.
The money invested in physical assets.
The total revenue generated from sales.
The total costs incurred by a business.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a business has a gross profit of $12,000 and total expenses of $4,000, what is its net profit?
$8,000
$12,000
$16,000
$4,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does an increase in turnover typically affect a business's profit?
It usually decreases profit margins.
It generally increases profit margins.
It only affects gross profit.
It has no effect on profit margins.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a restaurant has a turnover of $20,000 and total expenses of $25,000, what is its net profit?
$5,000 profit
$5,000 loss
$20,000 profit
$25,000 loss
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of capital is represented by the skills and knowledge of employees?
Financial Capital
Physical Capital
Social Capital
Human Capital
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of capital in a business context?
The skills and knowledge of employees.
The money and resources used to fund operations.
The total sales a business makes in a year.
The profit remaining after all expenses are deducted.
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