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Business Essentials Quiz

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Business Essentials Quiz

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About this activity

Test your business know-how

Created by

Dominick Ruggeri
Dominick Ruggeri
United States

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Business Essentials Quiz
 

Business Essentials QuizOnline version

Test your business know-how

by Dominick Ruggeri
1

A balance sheet lists assets, liabilities, and equity.

2

A company's revenue always equals its profit.

3

Profit maximization is not always the sole objective; long-term value matters.

4

The marketing mix refers to product, price, place, and promotion.

5

A sole proprietorship has unlimited liability for the owner.

6

Corporations cannot issue stocks.

7

Depreciation is a cash expense.

8

In a partnership, partners are not personally liable for business debts.

9

A business plan outlines goals, target market, and strategies.

10

Break-even occurs when total revenue covers only variable costs.

 
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