
Finance for Business Quiz
Quiz
•
Business
•
12th Grade
•
Hard
Kathryn Jennings
Used 5+ times
FREE Resource
Enhance your content in a minute
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the costs involved in setting up and running a business?
A. Only operating costs
D. Only variable costs
B. Only fixed costs
C. Both start-up costs and operating costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate Sales Revenue?
D. Total Costs - Fixed Costs
C. Total Costs / Quantity
B. Quantity x Selling Price per Unit
A. Quantity x Cost Price per Unit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the breakeven point?
D. When the business is bankrupt
C. When the business is making a loss
B. When the business is not making a profit or a loss
A. When the business is making a profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the calculation for Breakeven?
A. Fixed Costs / (selling price - variable cost per unit)
B. (selling price - variable cost per unit) / Fixed Costs
C. (selling price + variable cost per unit) / Fixed Costs
D. Fixed Costs x (selling price - variable cost per unit)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of budgeting for a business?
A. To predict the profit for the business
D. To set targets for spending and revenue over a future period of time
B. To ensure the business is in control of their revenue and expenditure
C. To compare budgeted figures with actual figures
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Income Statement show?
A. The money the business owes to others
B. The profit or loss a business has made
C. What the business owns and is owed to them
D. How much money a business will spend over a period of time
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate Gross Profit?
B. Revenue + Cost of Goods Sold
A. Revenue - Cost of Goods Sold
C. Revenue / Cost of Goods Sold
D. Revenue x Cost of Goods Sold
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
20 questions
Sistema Financeiro Nacional
Quiz
•
1st - 12th Grade
20 questions
INCOMPLETE RECORDS
Quiz
•
11th - 12th Grade
20 questions
entrep final reviewer
Quiz
•
12th Grade
18 questions
Promotion
Quiz
•
12th Grade
16 questions
Mana 3 Sem (27-31)
Quiz
•
12th Grade
15 questions
Kuiz Akaun Tingkatan 5 (Modul 2)
Quiz
•
10th - 12th Grade
19 questions
Chapter 14 Test Review - Civics 8
Quiz
•
7th - 12th Grade
20 questions
QUIZ 4 : TOPIC 8 [PROCESS COSTING]
Quiz
•
1st Grade - University
Popular Resources on Wayground
10 questions
Honoring the Significance of Veterans Day
Interactive video
•
6th - 10th Grade
10 questions
Exploring Veterans Day: Facts and Celebrations for Kids
Interactive video
•
6th - 10th Grade
19 questions
Veterans Day
Quiz
•
5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
15 questions
Circuits, Light Energy, and Forces
Quiz
•
5th Grade
6 questions
FOREST Self-Discipline
Lesson
•
1st - 5th Grade
7 questions
Veteran's Day
Interactive video
•
3rd Grade
20 questions
Weekly Prefix check #2
Quiz
•
4th - 7th Grade
Discover more resources for Business
20 questions
International Trade
Lesson
•
9th - 12th Grade
17 questions
BizInnovator Startup - Launching Your Startup
Quiz
•
9th - 12th Grade
17 questions
BizInnovator Startup - Know Your Customer
Quiz
•
9th - 12th Grade
10 questions
Filling Out IRS Form 1040 for 2023
Interactive video
•
12th Grade
23 questions
Ch. 10 Stock Offerings and Investor Monitoring Review
Flashcard
•
12th Grade
10 questions
Marketing Mix Concepts and Applications
Interactive video
•
9th - 12th Grade
