Business Concepts Quiz

Business Concepts Quiz

12th Grade

40 Qs

quiz-placeholder

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Business Concepts Quiz

Business Concepts Quiz

Assessment

Quiz

English

12th Grade

Easy

Created by

rhea yang

Used 1+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is revenue in a business context?

Money left after expenses

Total money earned

Money spent on operations

Profit minus expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is profit in a business context?

Total expenses

Revenue plus expenses

Revenue minus expenses

Total assets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of a non-profit organization?

To maximize profit

To serve the public good

To compete in the market

To generate revenue for shareholders

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a sole proprietorship, who is liable for all debts?

The shareholders

The partners

The owner

The government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many people are required to form a partnership?

One

Two or more

Five

Fifteen

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum paid-up capital for a corporation in the Philippines (as stated in the text)?

P1,000

P2,000

P5,000

P10,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system features mostly government-owned businesses?

Capitalism

Communism

Socialism

Free-market

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