Business Basics Quiz

A ___ is the group of people a business wants to sell to.

The money a business makes from selling things is called ___.

___ are the costs that change based on how much a business makes or sells.

A business plan that focuses on doing good for others is called ___.

The main person who starts and owns a business often puts in a lot of hard work, which is called ___.

What do we call the total amount of money a business spends?

• Total Revenue

• Total Costs

The money left over after paying all costs is called:

• Revenue

• Profit

What term means the rules about doing the right thing in business?

• Confidentiality

• Business Ethics

The costs that stay the same no matter how much a business sells are:

• Variable Costs

• Fixed Costs

What is a plan for telling people about your business called?

• Launch Plan

• Marketing

• Selling

• Default