Podcast
Questions and Answers
What is the total amount of money a business takes in during a given period by selling goods and services?
What is the total amount of money a business takes in during a given period by selling goods and services?
- Loss
- Expense
- Revenue (correct)
- Profit
What type of organization does not include among its objectives the achievement of personal profit for its owners or organizers?
What type of organization does not include among its objectives the achievement of personal profit for its owners or organizers?
- For-profit organization
- Social enterprise
- Non-profit organization (correct)
- Charity organization
When does a business experience a loss?
When does a business experience a loss?
- When there are no revenues
- When the revenues equal the expenses
- When the revenues are less than the expenses (correct)
- When the revenues exceed the expenses
What is the chance an entrepreneur takes of losing time and money on a business that may not prove profitable?
What is the chance an entrepreneur takes of losing time and money on a business that may not prove profitable?
What does the acronym NPO stand for?
What does the acronym NPO stand for?
What is the formula for calculating revenue?
What is the formula for calculating revenue?
Which term refers to the situation when a business's revenues are less than its expenses?
Which term refers to the situation when a business's revenues are less than its expenses?
What does a non-profit organization aim to achieve?
What does a non-profit organization aim to achieve?
Which term describes the chance an entrepreneur takes of losing time and money on a business that may not prove profitable?
Which term describes the chance an entrepreneur takes of losing time and money on a business that may not prove profitable?
What is the total amount of money a business takes in during a given period by selling goods and services known as?
What is the total amount of money a business takes in during a given period by selling goods and services known as?
