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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!

10 Questions2 MinutesCreated by MotivatedManager42

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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