Search Header Logo

BTEC Enterprise Component 3 Quiz

Authored by James Crutchley

Business

12th Grade

Used 15+ times

BTEC Enterprise Component 3 Quiz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

137 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a financial objective of a business?

Increasing employee satisfaction

Reducing carbon footprint

Maximising profit

Enhancing brand image

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for calculating profit?

Revenue - Expenses

Assets - Liabilities

Revenue + Expenses

Assets + Liabilities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a fixed cost for a business?

Raw materials

Wages

Rent

Utilities

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the amount of money a business earns from its normal business activities?

Revenue

Profit

Loss

Equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of market research for a business?

Reducing production costs

Understanding customer needs

Increasing employee turnover

Decreasing product quality

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the difference between a business's total revenue and total expenses?

Net Income

Gross Profit

Operating Income

Net Loss

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key component of a business's balance sheet?

Assets

Revenue

Expenses

Equity

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?