Which of the following best describes the concept of risk?
BIZ: Unit 2 Recap

Quiz
•
Business
•
11th Grade
•
Easy

Lilian Puig
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total amount of money a business takes in during a given period by selling goods and services.
The amount of money a business earns above and beyond what it pays out for salaries and expenses.
The chance that Jackson, Sophia, or Isla takes of losing time and money on a business that may not be profitable.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue is...
the chance an entrepreneur takes of losing time and money on a business that may not be profitable.
the total amount of money a business takes in during a given period by selling goods and services.
the amount of money a business earns above and beyond what it pays out for salaries and expenses.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit is...
the total amount of money a business takes in during a given period by selling goods and services.
the amount of money a business earns above and beyond what it pays out for salaries and expenses.
the chance an entrepreneur takes of losing time and money on a business that may not be profitable.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is true for Mia, Elijah, and Oliver?
Mia, Elijah, and Oliver must own a minimum of one share in a company's stock or mutual fund to make them partial owners and hence, shareholders of the company.
Mia, Elijah, and Oliver are not allowed to own any shares in a company's stock or mutual fund in order to be shareholders of the company.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Internal stakeholders are people who are outside the business. For example, customers suppliers, creditors, etc.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A stakeholder mapping is a model that assesses the relative interest of stakeholders and their relative power (or influence) on a business.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Standard of living is the general well-being of a society in terms of its political freedom, natural environment, education, health care, safety, amount of leisure, and rewards that add to the satisfaction and joy that other goods and services provide.
True
False
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