Bottom Line in Business: Definition & Concept

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is true regarding the bottom line?

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1. How is revenue calculated?

2. What are the most common lines in an income statement?

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About This Quiz & Worksheet

This quiz/worksheet combo contains multiple-choice questions relating to the bottom line. You'll be tested on topics like income statements, expenses and the formula for calculating revenue.

Quiz & Worksheet Goals

Challenge yourself by answering questions about the following:

  • What the bottom line is and does
  • Calculating revenue
  • Income statement contents
  • Calculating the bottom line in a given example
  • Characteristics of overhead expenses

Skills Practiced

These resources may help you work on the following skills:

  • Problem solving - solve practice problems about the bottom line
  • Reading comprehension - ensure that you draw the most important information from the related lesson on the bottom line in business
  • Interpreting information - verify that you can read information regarding the sections found on an income statement and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the revenue formula

Additional Learning

Want more information about what the bottom line means for businesses? Review the corresponding lesson titled Bottom Line in Business: Definition & Concept. This lesson covers the following objectives:

  • Understand the meaning of net profit
  • Explore a sample income statement for a business
  • Know the definitions and calculations for the most common lines on an income statement
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