B&T Semester 1 Final (SY24-25)

Front

What is business?

Back

Any organization that sells goods or services in an attempt to earn a profit

Front

What is the difference between services and goods?

Back

Goods are tangible items that can be seen, touched, and stored, while services are intangible actions or tasks performed for a customer.

Front

What is revenue?

Back

The total amount of money a company earns from its sales of goods and services

Front

What are expenses?

Back

The costs incurred in the process of running a business

Front

Which one is one of the four types of businesses? Options: Agriculture, Technology, Extracting, Entertainment

Back

Extracting

Front

What business type makes something?

Back

Manufacturing

Front

What business type sells something? Options: Service, Manufacturing, Merchandising, Extracting

Back

Merchandising

Front

What business type does something?

Back

Service

Front

What business type collects something?

Back

Extracting

Front

Which is NOT an example of an extracting business? Mining Company, Fishing Company, Car Company, Timber Company

Back

Car Company