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ENTREPRENEURSHIP

Authored by Haziel Jay Cogal

Other

12th Grade

Used 13+ times

ENTREPRENEURSHIP
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

  1. What is profit in a business?

The amount gained after selling products

The amount invested in starting a business

The total expenses of a business

The salary paid to employees

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

  1. Which of the following is a variable cost in a business?

Rent

Utilities

Office supplies

Insurance

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

  1. What are examples of variable costs?

Materials used and direct labor

Rent and insurance

Salaries and wages

Professional fees and advertising expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

  1. What represents the difference between net sales and cost of sales?

Net profit

Gross profit

Operating profit

Net income

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

  1. Which of the following is a fixed cost for a business?

Direct labor

Packaging

Utilities for a plant

Office supplies

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

  1. What should an entrepreneur have a clear idea of when starting a business?

Tasks

Time allocation

Objectives

Progress

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

  1. What should an entrepreneur monitor in business plan implementation?

Tasks

Progress

Objectives

Time allocation

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