Unit 1 check

Unit 1 check: Businesses, Competition, and New Ideas

10 questions from 8 lessons in Unit 1. Answer each one, and if you miss, follow the link back to where it is taught, then try again. Your score counts first tries.

Question 1 · from 1.1 · Multiple choice

Which of these is NOT a business?

Question 2 · from 1.2 · Multiple choice

Five food trucks park on the same block at lunchtime and sell nearly identical tacos. The owners never discuss prices with one another, yet all five charge within 25 cents of each other. Which explanation fits best?

Question 3 · from 1.3 · Multiple choice

Coastline Printing employs 120 people. It buys machines that bind and pack books automatically, and it no longer needs 40 of its packers. Which statement best describes this change?

Question 4 · from 1.4 · Multiple choice

Sam thinks commuters at his train station need a faster way to get breakfast. Which finding would best validate that problem at the start of the design-thinking process?

Question 5 · from 1.5 · Calculate

Paws Forward, a nonprofit animal shelter, took in $180,000 in grants and donations and $40,000 in adoption fees this year. Its costs for the year were $205,000. How much surplus must it reinvest in the organization, in dollars?

Your answer

Question 6 · from 1.6 · Multiple choice

A city health department inspects a restaurant twice a year and can close it for violations. To the restaurant, the health department is

Question 7 · from 1.7 · Multiple choice

Haven Home Goods, an LLC with eight stores, plans to become a corporation so it can raise $20 million and expand nationally. Which trade-off are its owners accepting?

Question 8 · from 1.8 · Multiple choice

Sparkle Home Cleaning sends teams of cleaners to 400 houses a week. Which list describes its supply chain?

Question 9 · from 1.1 · Multiple choice

A cereal company prints cartoon characters on its box at a young child's eye level. It also runs ads in parenting magazines about the cereal's added vitamins. Which statement best explains this approach?

Question 10 · from 1.5 · Calculate

A food truck had $9,000 in revenue and $7,400 in costs last month. This month it adds a lunch stop that brings in $600 more revenue, and it switches to a cheaper napkin supplier that saves $150 in costs. Nothing else changes. What is its profit this month, in dollars?

Your answer

0 of 10 answered.