Understanding Revenue and Expenditure

Understanding Revenue and Expenditure

9th Grade

10 Qs

quiz-placeholder

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Understanding Revenue and Expenditure

Understanding Revenue and Expenditure

Assessment

Quiz

Other

9th Grade

Hard

Created by

Gino Miller

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is revenue in the context of a business?

Revenue is the total cost incurred by a business.

Revenue refers to the profit after expenses are deducted.

Revenue is the total income generated from sales of goods or services.

Revenue is the amount of money spent on marketing.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name two common sources of revenue for a company.

Office supplies expenses

Sales of products or services, Investments or interest income

Employee salaries

Government grants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between fixed and variable costs?

Fixed costs vary with production levels, while variable costs remain constant.

Fixed costs are always higher than variable costs.

Both fixed and variable costs change with production levels.

Fixed costs do not change with production levels, while variable costs do.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do government revenues differ from private sector revenues?

Government revenues come from taxes and fees, while private sector revenues come from sales of goods and services.

Government revenues are based on profits from businesses and corporations.

Government revenues are generated through investments and dividends.

Private sector revenues are primarily from government contracts and grants.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a non-operating revenue source?

Rental income

Sales revenue

Service income

Interest income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important for businesses to track their expenditures?

To focus solely on revenue generation without considering costs.

To avoid tracking any financial activities.

It is important for businesses to track their expenditures to manage budgets and ensure financial stability.

To increase marketing expenses without oversight.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role do taxes play in government revenue?

Taxes are a minor source of government revenue.

Taxes are the main source of government revenue.

Taxes are only used for social programs.

Taxes do not contribute to government funding.

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