,Chapter DR1 D R DR Understanding DRthe DRCanadian DRBusiness DRSystem
1.1 Multiple-Choice DRQuestions
1) Profit DRis
A) what DRremains DRafter DRbusiness DRexpenses DRare DRsubtracted DRfrom DRbusiness DRrevenues.
B) what DRremains DRafter DRdividends DRhave DRbeen DRpaid DRto DRstockholders.
C) equal DRto DRtotal DRrevenue DRminus DRcash DRexpenses.
D) what DRremains DRafter DRincome DRtaxes DRhave DRbeen DRpaid.
E) double DRthe DRamount DRthe DRcompany
DRpays DRin. DRAnswer: D R A
Diff: DR1 Type: DRMC Page DRRef:
DR5 DRSkill: D R Knowledge
Objective: D R 1.1
2) What DRare DRprofits?
A) Total DRmoney DRtaken DRin DRby DRa DRcorporation
B) Increases DRin DRincome DRfrom DRyear DRto DRyear
C) Increases DRin DRa DRcorporation's DRstock DRprice
D) Revenue DRgenerated DRby DRgoods DRand DRservices
E) Difference DRbetween DRrevenues DRand
DRexpenses DRAnswer: D R E
Diff: DR1 Type: DRMC Page DRRef:
DR5 DRSkill: D R Knowledge
Objective: D R 1.1
3) Profit DRis
A) the DRmarket DRvalue DRof DRshares DRof DRstock DRin DRa DRcompany.
B) the DRlevel DRof DRexpenses DRdivided DRby DRthe DRfirm's DRassets.
C) what DRremains DRafter DRbusiness DRexpenses DRare DRsubtracted DRfrom DRbusiness DRrevenues.
D) gross DRrevenue DRminus DRtaxes DRa DRcompany DRpays.
E) gross DRsales DRminus DRtaxes DRa DRcompany
DRpays. DRAnswer: D R C
Diff: DR1 Type: DRMC Page DRRef:
DR5 DRSkill: D R Knowledge
Objective: D R 1.1
,4) This DRweek, DRAbe's DRMuffler DRShop DRhad DRsales DRof DR$4000, DRemployees DRwere DRpaid
DR$1000, DRthe DRcost DRof DRgoods DRwas DR$1500, DRand DRrent DRwas DR$500. DRProfit DRfor DRthe DRweek
DRwas
A) $3000.
B) $1000.
C) $4000.
D) $2500.
E) $500.
Answer: D R B
Diff: DR2 Type: DRMC Page DRRef:
DR5 DRSkill: D R Application
Objective: D R 1.1
5) How DRare DRprovincial DRuniversities DRin DRCanada DRdifferent DRfrom DRbusiness DRfirms?
A) They DRdo DRnot DRseek DRto DRmake DRa DRprofit.
B) They DRdeal DRwith DRpeople, DRnot DRthings.
C) Their DRorganizational DRboundaries DRexclude DRbusiness DRfirms.
D) They DRdo DRnot DRproduce DRgoods DRor DRservices.
E) They DRare DRmore DRimportant DRto DRsociety DRthan DRbusiness
DRfirms. DRAnswer: D R A
Diff: DR2 Type: DRMC Page DRRef:
DR5 DRSkill: D R Comprehension
Objective: D R 1.1
6) Forbes DRmagazine DRranked DR134 DRcountries DRin DRterms DRof DRhow DRattractive DRthey DRwere DRto
DRdo DRbusiness DRin. DRWhere DRdid DRCanada DRrank?
A) First
B) Second
C) Fifth
D) Twenty-fifth
E) Eighty-seventh
DRAnswer: D R A
Diff: DR2 Type: DRMC Page DRRef:
DR5 DRSkill: D R Knowledge
Objective: D R 1.1
7) Examples DRof DRbusinesses DRinclude DRall DRof DRthe DRfollowing DRexcept
A) local DRsupermarkets.
B) one-person DRbusinesses, DRlike DRbarbershops.
C) non-profit DRorganizations.
D) large DRcorporations DRlike DRCanadian DRPacific DRor DRAlcan DRAluminum.
E) farms.
DRAnswer:
Skill:
D R Comprehension
Objective: 1.1
, C
DR
Diff: DR2 Type: DRMC Page DRRef: DR5
Skill:
D R Comprehension
Objective: 1.1
1.1 Multiple-Choice DRQuestions
1) Profit DRis
A) what DRremains DRafter DRbusiness DRexpenses DRare DRsubtracted DRfrom DRbusiness DRrevenues.
B) what DRremains DRafter DRdividends DRhave DRbeen DRpaid DRto DRstockholders.
C) equal DRto DRtotal DRrevenue DRminus DRcash DRexpenses.
D) what DRremains DRafter DRincome DRtaxes DRhave DRbeen DRpaid.
E) double DRthe DRamount DRthe DRcompany
DRpays DRin. DRAnswer: D R A
Diff: DR1 Type: DRMC Page DRRef:
DR5 DRSkill: D R Knowledge
Objective: D R 1.1
2) What DRare DRprofits?
A) Total DRmoney DRtaken DRin DRby DRa DRcorporation
B) Increases DRin DRincome DRfrom DRyear DRto DRyear
C) Increases DRin DRa DRcorporation's DRstock DRprice
D) Revenue DRgenerated DRby DRgoods DRand DRservices
E) Difference DRbetween DRrevenues DRand
DRexpenses DRAnswer: D R E
Diff: DR1 Type: DRMC Page DRRef:
DR5 DRSkill: D R Knowledge
Objective: D R 1.1
3) Profit DRis
A) the DRmarket DRvalue DRof DRshares DRof DRstock DRin DRa DRcompany.
B) the DRlevel DRof DRexpenses DRdivided DRby DRthe DRfirm's DRassets.
C) what DRremains DRafter DRbusiness DRexpenses DRare DRsubtracted DRfrom DRbusiness DRrevenues.
D) gross DRrevenue DRminus DRtaxes DRa DRcompany DRpays.
E) gross DRsales DRminus DRtaxes DRa DRcompany
DRpays. DRAnswer: D R C
Diff: DR1 Type: DRMC Page DRRef:
DR5 DRSkill: D R Knowledge
Objective: D R 1.1
,4) This DRweek, DRAbe's DRMuffler DRShop DRhad DRsales DRof DR$4000, DRemployees DRwere DRpaid
DR$1000, DRthe DRcost DRof DRgoods DRwas DR$1500, DRand DRrent DRwas DR$500. DRProfit DRfor DRthe DRweek
DRwas
A) $3000.
B) $1000.
C) $4000.
D) $2500.
E) $500.
Answer: D R B
Diff: DR2 Type: DRMC Page DRRef:
DR5 DRSkill: D R Application
Objective: D R 1.1
5) How DRare DRprovincial DRuniversities DRin DRCanada DRdifferent DRfrom DRbusiness DRfirms?
A) They DRdo DRnot DRseek DRto DRmake DRa DRprofit.
B) They DRdeal DRwith DRpeople, DRnot DRthings.
C) Their DRorganizational DRboundaries DRexclude DRbusiness DRfirms.
D) They DRdo DRnot DRproduce DRgoods DRor DRservices.
E) They DRare DRmore DRimportant DRto DRsociety DRthan DRbusiness
DRfirms. DRAnswer: D R A
Diff: DR2 Type: DRMC Page DRRef:
DR5 DRSkill: D R Comprehension
Objective: D R 1.1
6) Forbes DRmagazine DRranked DR134 DRcountries DRin DRterms DRof DRhow DRattractive DRthey DRwere DRto
DRdo DRbusiness DRin. DRWhere DRdid DRCanada DRrank?
A) First
B) Second
C) Fifth
D) Twenty-fifth
E) Eighty-seventh
DRAnswer: D R A
Diff: DR2 Type: DRMC Page DRRef:
DR5 DRSkill: D R Knowledge
Objective: D R 1.1
7) Examples DRof DRbusinesses DRinclude DRall DRof DRthe DRfollowing DRexcept
A) local DRsupermarkets.
B) one-person DRbusinesses, DRlike DRbarbershops.
C) non-profit DRorganizations.
D) large DRcorporations DRlike DRCanadian DRPacific DRor DRAlcan DRAluminum.
E) farms.
DRAnswer:
Skill:
D R Comprehension
Objective: 1.1
, C
DR
Diff: DR2 Type: DRMC Page DRRef: DR5
Skill:
D R Comprehension
Objective: 1.1
