1) What is the long-term, big goal of a business called? a) Aim b) Objective c) Survival 2) Is Survival an Aim or an Objective? a) Objective b) Aim c) Neither 3) The money left over after ALL costs are paid is called: a) Sales b) Profit c) Revenue 4) True or False: Profit and Sales Revenue are the same thing. a) True b) Sometimes c) False 5) The total money earned from selling products is called: a) Profit Margin b) Sales Revenue c) Market Share 6) A business that covers all its costs but makes no extra profit has achieved: a) Financial Security b) Market Share c) Survival 7) A large, established business is most likely to focus on achieving: a) Market Share b) Survival c) Cash Flow 8) Which goal is about the owner's personal, stable lifestyle? a) Financial Security b) Market Share c) Profit 9) If Starbucks earns 75% of all coffee sales in a town, what is 75%? a) Market Share b) Total Sales c) Total Profit 10) Is an Aim typically short-term or long-term? a) Short-term b) Long-term c) Mid-term 11) A specific, measurable goal that is set for a short time is a/an: a) Aim b) Security c) Objective 12) True or False: Sales Revenue can be higher than Profit. a) Never b) False c) True 13) If a small bakery's weekly objective is to sell 50 loaves, this is linked to its: a) Financial Security b) Sales c) Survival 14) Which is a percentage figure? a) Sales Revenue b) Profit c) Market Share 15) If a business stops operating because it ran out of money, it failed to achieve: a) Survival b) Profit c) Security

Business Basics Quiz

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