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Business Basics True/False

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Business Basics True/False

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About this activity

Test your knowledge of core business concepts.

Created by

Faith Maguire
Faith Maguire
Ireland

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Business Basics True/False
 

Business Basics True/FalseOnline version

Test your knowledge of core business concepts.

by Faith Maguire
1

A marketing budget is always the same every year.

2

An LLC always protects owners' personal assets in all legal situations.

3

The revenue model explains how a business makes money.

4

A corporation cannot issue stock.

5

Economies of scale cause the cost per unit to increase as production grows.

6

Marketing focuses on identifying customer needs and delivering value.

7

A sole proprietorship is owned and run by a single person.

8

A balance sheet shows assets, liabilities, and owner's equity.

9

Cash flow tracks the movement of cash in and out of a business.

10

Debt financing is never used by startups.

 
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