Course overviewIntroduction to Business

Module 5 of 6

Course modules6 modules

Knowledge QuizModule 5 of 6

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Answer all 5 questions, then check your answers. You need 4 correct to pass and unlock your certificate. You can try as many times as you like.

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Question 1 of 5How do you calculate profit?

Revenue + expensesRevenue − expensesAssets − revenueExpenses ÷ revenue

Profit is what remains after expenses are subtracted from revenue.

Question 2 of 5Which business structure is a separate legal entity that usually limits the owners' personal liability?

Sole proprietorshipGeneral partnershipCorporationSide hustle

A corporation exists separately from its owners, which usually limits their personal liability.

Question 3 of 5Revenue is $10,000 and net profit is $1,500. What is the profit margin?

1.5%15%85%150%

$1,500 ÷ $10,000 = 0.15, or 15%.

Question 4 of 5For a bakery, rent is usually which kind of cost?

VariableFixedDirectOne-time

Rent stays the same whether the bakery sells 100 loaves or 1,000.

Question 5 of 5Which business function produces and delivers the product or service?

MarketingFinanceOperationsCustomer segments

Operations covers making and delivering what the business sells.

You need 4 out of 5 to pass.

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