Test Your Knowledege Of Business Concepts With This Quiz!
8 Questions
| Total Attempts: 22
Questions and Answers
- 1.Wages and taxes that our company pays are examples of:
- A.
Revenue
- B.
Loss
- C.
Expenses
- D.
Profit
- 2.Cash flow is:
- A.
Measured as time versus revenue
- B.
Is measured by output and input of hours
- C.
Money paid to employees
- D.
The movement of money into and out of a company
- 3.Productivity means how much was done compared to what it took to do it.
- A.
True
- B.
False
- 4.When expenses are subtracted from revenue and money is left over, it is called profit.
- A.
True
- B.
False
- 5.As of 2018, which country leads the world in manufacturing outputs?
- A.
The U.S.A.
- B.
India
- C.
China
- D.
Germany
- 6.The Standard of living is the number of goods and services people can buy with the money they have.
- A.
True
- B.
False
- 7.Productivity is the amount of output you generate given the amount of input.
- A.
True
- B.
False
- 8.Inflation is a situation in which price increases are slowing.
- A.
True
- B.
False
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