Studies Weekly Inventors Test

What is the term used for the money that businesses spend to operate?

• Income

• Profit

• Expenses

• Loss

What is called the money left after a business has paid all its expenses?

• Debt

• Profit

• Revenue

• Loss

If the expenses of a business are more than its income, what is it called?

• Profit

• Gain

• Loss

• Balance

What would be the profit if a cup of lemonade that costs $0.60 to make is sold for $1.00?

• $0.40

• $0.30

• $0.50

• $0.20

What did Sam Walton study in college?

• Business

• Economics

• History

• Science

What was the key to the success of Wal-Mart according to the text?

• High prices

• Low quality goods

• Low prices and high quality service

• Online sales

What did Annie Turnbo Malone develop using her chemistry skills?

• A type of perfume

• Hair products for African American women

• A new medicine

• A food preservative

What was unique about Mikaila Ulmer's lemonade?

• It was sold in large stores only

• It used local honey instead of sugar

• It was carbonated

• It was made from artificial flavors

What innovation is Henry Ford known for?

• Electric cars

• Airplanes

• Assembly line production

• Solar-powered vehicles