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171.__________ is the amount a business earns after deducting what it spends for salaries and other expenses. 
 
 

A.Profit

 

B.Revenue

 

C.Interest

 

D.Dividends

 

 

 

 

172.A business incurs a ___________ if its costs and expenses exceed its revenues. 
 
 

A.loss

 

B.liability

 

C.debit

 

D.dividend

 

 

 

 

173.__________ is the chance a business owner will lose the time and money invested in a business that proves to be unprofitable. 
 
 

A.Depreciation

 

B.Risk

 

C.Fallibility

 

D.Redundancy

 

 

 

 

174.The total amount of money that businesses take in by selling goods and services is called _______. 
 
 

A.profit

 

B.revenue

 

C.loss

 

D.retained earnings

 

 

 

 

175.A(n) ____________ is a person who assumes the risk of starting a business. 
 
 

A.manager

 

B.entrepreneur

 

C.private investor

 

D.stakeholder

 

 

 

 

176.Starting a business always involves _______. 
 
 

A.profit

 

B.loss

 

C.revenue

 

D.risk

 

 

 

 

177.Often in business the greater the risk, the ___________. 
 
 

A.greater the potential reward

 

B.lower the expected revenues

 

C.lower the value provided to society

 

D.greater the number of stakeholders

 

 

 

 

178.___________ is a measure of the general well-being and satisfaction derived from a variety of factors including political freedom, safety, education, and a clean environment. 
 
 

A.Standard of living

 

B.Quality of life

 

C.Gross national income

 

D.Social satisfaction index

 

 

 

 

179.The amount of goods and services people can buy with the money they have is called their: 
 
 

A.nominal income.

 

B.consumer price index.

 

C.profit margin.

 

D.standard of living.

 

 

 

 

180.The customers, employees, stockholders, suppliers, creditors, and others who stand to gain or lose by the policies and activities of a business represent the firm's: 
 
 

A.market makers.

 

B.economic environment.

 

C.stakeholders.

 

D.social mentors.

 

 

 

 

 

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