
Quiz 4, Principles of Business, Marketing, and Finance
Quiz by Billie Holmes Pettit
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
For most retailers, what period of time is generally the busiest and has the greatest number of sales, which means that these businesses require more labor and inventory during this time?
What term refers to an account of income and expenses for a set period?
When a business's expenses change based on external factors, this means these factors are ____ the business's control.
Jeannie owns a small business that sells candles and other little household knick-knacks. For several years her boyfriend, who was also an accountant, handled her budget. However, since they broke up, Jeannie must handle the budget on her own. What is the best way for Jeannie to create a realistic budget?
Keisha has been working as an hourly employee at a large marketing firm for several years. She is an excellent employee and hopes to one day move from an hourly wage to a salary. IF Keisha does move from hourly to salary, how will she most likely be paid?
One factor that can contribute to the change in business expenses has to do with the amount of revenue that a business brings in based on the goods or services it provides. What is this factor known as?
For a business, ________ sales mean greater revenue.
We refer to the costs required to generate revenue as what?
Pablo runs a small car washing business in his neighborhood on the weekends. This past weekend, Pablo earned $284. Prior to opening his car wash, he needed to stock up on soap, sponges, and towels which cost him $46. He also had his son help him with the car washing and paid him $25 for his help. What was Pablo's net income from this past weekend?
Concerning supply costs, if any agricultural products are required, a hard frost can devastate crops and do what to costs?
It is the end of December, and Juan, the owner of a small sporting goods business, is paying the last few expenses for the year. Once all the expenses are paid, the money that is left over will be Juan's profit and is also referred to as:
When it comes to running a business, someone has to actually do the work, and that work is called what?
____________ is all of the money that a business takes in.
Approximately how many new small businesses does the Small Business Administration estimate close during their first year of operation?
Some things, such as the cost of heating or cooling following a sudden change in the weather, can change from month to month for businesses and are referred to as what kind of expense?