Biz Town Quiz #3/4

Which of the following is a business cost?

• personal care

• advertising

• revenue

• profit

What is NOT a characteristic of a good advertisement?

• attention grabbing

• creates a desire for product

• holds interest

• prompts person to sell product

A catchy tune used to advertise a business or product is called a?

• jingle

• logo

• slogan

• ad

A graphic mark or emblem used to promote instant public recognition of a business or product is a?

• jingle

• logo

• slogan

• ad

A short, memorable motto or phrase used in an advertising campaign is known as a?

• jingle

• logo

• slogan

• ad

What is the revenue left after paying business costs called?

• Profit

• Gross balance

• Inventory

• Loss

The price must exceed the cost of producing the good or service for the business to make a profit. True or False?

• True

• False

True or false?

When setting prices, a business needs to consider inventory, demand and business costs.

• True

• False

Can a monetary value be placed on tangible assets very easily?

• Yes

• No

If revenue is greater than costs, does it result in a loss?

• Yes

• No