Business Vocabulary Quiz

What does the word "exchange" mean?

• To keep something for a long time

• To give something and receive something in return

• To buy something for yourself

• To ask for something

What is a synonym for "production"?

• Distribution

• Creation

• Expenses

• Sale

What does "distribution" refer to?

• Giving away products to customers

• Making products

• Selling at a high price

• Spending money

Which word means "the act of selling something"?

• Sale

• Goods

• Profit

• Expenses

Which of the following is NOT a type of "service"?

• Medical care

• Haircut

• Car

• Education

What is "profit"?

• The cost of materials

• The money earned after expenses

• The amount of goods sold

• The money spent

What does "conversion" mean in business?

• Changing something into another form

• Selling a product

• Buying materials

• Providing customer service

What does "surplus" refer to?

• A shortage of products

• Extra products or money

• Money spent on business activities

• The cost of a product

What is an example of an "expense"?

• Money saved

• Money spent on a product or service

• Profit from sales

• The price of goods sold

Which verb means "to analyze carefully"?

• Examine

• Create

• Perform

• Classify