ENT Chapter 2 Test Prep Question

ENT Chapter 2 Test Prep Question

9th Grade

15 Qs

quiz-placeholder

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ENT Chapter 2 Test Prep Question

ENT Chapter 2 Test Prep Question

Assessment

Quiz

Business

9th Grade

Practice Problem

Hard

Created by

Steve Wills

Used 2+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the answer that best fits each statement below. Which of the following is not a type of business model?

Freemium

Direct sales

Franchise

Demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the answer that best fits each statement below. The science of how individuals, businesses, and governments make decisions about satisfying unlimited wants with limited resources is called:

Business function

Entrepreneurship

Economics

Business model

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the answer that best fits each statement below. Which is the term used to describe the financial gain calculated by the difference between amount earned and amount spent by a business?

Profit

Liability

Asset

Supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the answer that best fits each statement below. The four functions of business are __________.

Production, supplying, marketing, modeling

Marketing, modeling, management, investing

Production, marketing, management, finance

Planning, management, finance, modeling

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the answer that best fits each statement below. Which is an example of a franchise business model?

Magazine

Chain restaurant

Mobile application

Social media

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term from this chapter: Profit.

The total revenue minus total expenses

The total expenses minus total revenue

The total revenue plus total expenses

The total revenue divided by total expenses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term from this chapter: Service.

A tangible product offered to customers

An intangible offering that involves a deed, performance, or effort

A physical good that can be stored and inventoried

A financial instrument used for investment purposes

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