JA BizTown

which of the following are business expenses?

• personal care

• advertising

• revenue

• supplies

which two bank services is a new business likely to need?

• balance

• salary

• loan

• checking account

prices for products that are popular often will ___

• remain constant

• be priced higher

• supply less

• be worth less

What is the term for the revenue left over after paying business costs?

• profit

• gross balance

• inventory

• loss

Charging more for an item guarantees a higher profit

• True

• False

A quality business follows a model of best practices

• True

• False

Good advertising only tells people what they want to hear about a product

• True

• False

Net pay is the amount of money a worker receives from an employer

• True

• False

The money a business collects from sales is called a

• revenue

• profit

• cost

To make a profit a business's revenue has to be ___ than its costs

• Lower

• Higher