Introduction to Business Chapter One Quiz

The amount of profit earned by a business after deducting expenses

The opportunity for a business to expand its operations and increase sales

The chance an entrepreneur takes of losing time and money on a business that may not prove profitable

The total amount of money a business takes in during a given period by selling goods and services (correct)

When the business fails to take risks for expansion

When the revenues of the business are less than its expenses (correct)

When the revenue growth exceeds the expenses growth

When the chance of losing time and money is high

The amount of profit earned by a business after deducting expenses

The opportunity for a business to expand its operations and increase sales

The chance an entrepreneur takes of losing time and money on a business that may not prove profitable (correct)

The total amount of money a business takes in during a given period by selling goods and services

<p>An organization dedicated to social causes and charitable activities, without the goal of personal profit</p> Signup and view all the answers

<p>Revenue = Sales Volume * Price</p> Signup and view all the answers