Question

1. The income made by the normal activities of a business is known as ………….. .
a) turnover b) operating profit c) gross profit

2. Fixed assets are what a company ……………. .
a) owes b) owns c) sells

3. Current liabilities are what a company …………….. .
a) invests b) buys c) owes

4. Wealth used to produce more wealth is called ………… .
a) liabilities b) capital c) goods

5. Balance sheet is a statement of how much …………. has come in and how much has gone out.
a) shares b) money c) capital

6. The goods which a company intends to sell to its customers are known as ……. .
a) a stock b) a capital c) a stake

7. Venture capital is money lent to ………………. .
a) spend on charity b) start a risky business c) buy an estate

8. In the summer sales you can sometimes get warm clothes at a ……….. prices.
a) free b) cheaply c) giveaway

9. I’m a salesman and work in the …………. department.
a) export b) advertising c) production

10. Due to our new supply system more products are …………. to consumers.
a) available b) reduce c) limited

Answer 1

1. The income made by the normal activities of a business is known as ………….. . c) gross profit
2. Fixed assets are what a company  b) owns
3. Current liabilities are what a company  c) owes
4. Wealth used to produce more wealth is called  b) capital
5. Balance sheet is a statement of how much …………. has come in and how much has gone out. b) money
6. The goods which a company intends to sell to its customers are known as a) a stock
7. Venture capital is money lent to  b) start a risky business
8. In the summer sales you can sometimes get warm clothes at a ……….. prices. c) giveaway
9. I’m a salesman and work in the …………. department. a) export
10. Due to our new supply system more products are …………. to consumers. a) available