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Business Test - Q1 2018
Business Test
1. The amount of money a business earns above and beyond what it spends for salaries and other expenses is called
*
Savings
Cash receipts
Revenue
Profit
I don't know
2. What is inflation
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The cost of producing services or goods.
A situation in which price increases are slowing.
A general rise in the prices of goods and services over time.
None of the above.
I don't know
3. Productivity is
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The process of producing goods
The amount of input you generate given the amount of output.
The amount of output you generate given the amount of input.
Revolt.
I don't know
4. Define revenue.
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The difference between the debit and the credit sides of an account.
Total sales invoiced during a stated period.
The money received from customers during a stated period.
All of the above
I don't know
5. In order to gain a competitive edge on the competition, any company should focus on
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Very low prices
Greeting every customer
Professional sales pitch
Quality
I don't know