Business
Business Fundamentals Quiz
Test your knowledge of essential business concepts with our engaging Business Fundamentals Quiz! This quiz features 10 carefully crafted questions that cover key topics including financial motivation, profit margins, and business planning.
Whether you're a student, a professional, or simply looking to brush up on your business knowledge, this quiz is perfect for you.
- 10 multiple choice questions
- Instant feedback on your answers
- Fun and educational!
What is a type of job training
Job induction
Training
Job introduction
None of the above
What is a type of financial motivation
Promotion
Bonus
Good working environment
None of the above
What is the formula for gross profit
Cost of sales - revenue
Revenue - fixed costs
Revenue - cost of sales
Variable costs - revenue
What is a profit margin
The amount by which revenue from sales exceeds costs in a business.
Reach a point in a business venture when the profits are equal to the costs.
The amount of profit the business makes
None of the above
What best describes Taylors theory
The more money a person gets the more motivated they will be
The better environment a person works at the more motivated they will be
Forcing people to work is the best motivation
None of the above
What is the equation for a break even
Total revenue - total costs
Selling price - variable costs
Fixed costs / contribution margin
Total contribution - fixed costs
What is a business plan
An essential written document that provides a description and overview of your company's future
A random plan that no one will ever use
Plan to make the business fail
A plan to tell your customers how you operate
What is a non financial way to motivate employees
Job rotation
Fringe benefits
Bonus
Commission
What is an example of a stake holder
A person that has nothing to do with a business
A random protestor
A protestor that protest on the business
None of the above
A business is necessary for the business to succeed
True
False
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