5-1 Business Income, Revenues, Expenses, and Profits Quiz

5-1 Business Income, Revenues, Expenses, and Profits Quiz

9th Grade

18 Qs

quiz-placeholder

Similar activities

Economic Systems

Economic Systems

9th - 12th Grade

20 Qs

SGS Business 2.1.5 Ethics and Business

SGS Business 2.1.5 Ethics and Business

9th - 11th Grade

20 Qs

9 Business - Economics revision

9 Business - Economics revision

9th - 10th Grade

20 Qs

Lesson 2: QuickBooks Setup,  Utilities and General Knowledge

Lesson 2: QuickBooks Setup, Utilities and General Knowledge

9th - 12th Grade

15 Qs

Vocabulary for Forms of Businesses and Ownership

Vocabulary for Forms of Businesses and Ownership

9th Grade

13 Qs

QUIZ 1 : TOPIC 4 [COST VOLUME PROFIT ANALYSIS]

QUIZ 1 : TOPIC 4 [COST VOLUME PROFIT ANALYSIS]

1st Grade - University

20 Qs

Sources of Finance

Sources of Finance

9th - 10th Grade

20 Qs

5-1 Business Income, Revenues, Expenses, and Profits Quiz

5-1 Business Income, Revenues, Expenses, and Profits Quiz

Assessment

Quiz

Business

9th Grade

Hard

Created by

Amy Hardin

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Balance Sheet?

A statement showing only liabilities

A financial statement showing assets, liabilities, and owners' equity

A report of only the company's income

A document listing only expenses.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital is money used to make an investment, produce a product, fund operations, and ______.

generate income

pay taxes

reduce liabilities

increase expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Cost of Goods Sold include?

Only the cost of raw materials

The cost of raw materials, direct labor, and manufacturing costs

Only direct labor costs

Only manufacturing costs.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Earnings Before Interest and Taxes (EBIT) is calculated as Operating Income minus ______.

non-operating income and non-operating expenses

only taxes

only interest

only operating expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross Profit is calculated as ______.

Revenue minus Cost of Goods Sold

Revenue minus Operating Expenses

Revenue minus Interest

Revenue minus Taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Income?

Money received from doing business, including sales revenue and other income

Only sales revenue

Only investment returns

Only interest income.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest Expense is money spent to pay for borrowed money and is calculated as ______.

the interest rate times the outstanding principal amount of the debt

only the interest rate

only the principal amount

only the total debt

Create a free account and access millions of resources

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

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?