Mini-Quiz: Definitions of Basic Business Terms

1. What is the objective of a business?

   To make a profitThat is correct. You are improving. To beat the competitionGood try, but not right. Select another answer. To provide work for peopleSorry, not correct. Try another button.

2. Is ROI more important than money taken in?

   No, because the more money brought in the betterOops! Wrong answer. Re-read the question and try again. Yes, because it is a true measure of profitsCorrect. You understand the material! It is uncertain, because most companies have neitherSorry, not correct. Try another button.

3. How is a supplier important to your business?

   A supplier provides little value to the companyOops! Wrong answer. Re-read the question and try again. Suppliers buy many of our goodsGood try, but not right. Select another answer. You cannot produce goods or services without supplied materialThat is correct. You are improving.

Pick an answer to see instant feedback. Re-read the lesson if you miss one.