Business Assessment

Front

Can a voided check be cashed?

Back

False

Front

What is an example of a fixed expense?

Back

Rent

Front

Is equipment an example of an asset?

Back

True

Front

When you decide to buy a jacket instead of a concert ticket, you are making a trade-off?

Back

True

Front

Who is an entrepreneur?

Back

Someone who starts their own business

Front

What is profit?

Back

The price you sell it for - the money you spend

Front

What are the examples of influence?

• Your brother tells you how awful this one singer is, and you stop listening to his music.
• Your teacher teaches you about animals. You are very interested, so you read a lot about animals at home now.
• Five new bakeries opened in the neighborhood. Now the little coffee shop has to close down, because they lost all their customers!

Back

All answers are correct

Front

Why do people get bank loans?

Back

to start their own business

Front

What is considered a "need" in a budget?

Back

Rent or housing

Front

Being in debt means you…

Back

...owe someone money