ESB domain 3 & 4

ESB domain 3 & 4

Assessment

Flashcard

•

Business

•

9th - 12th Grade

•

Practice Problem

•

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

53 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is the formula for calculating the selling price?

Back

Cost price + Markup

2.

FLASHCARD QUESTION

Front

What is the formula for calculating gross profit?

Back

Selling price - Cost price

3.

FLASHCARD QUESTION

Front

Which of the following is an example of a fixed expense? Sales commission, Raw materials, Utilities, Rent

Back

Rent

4.

FLASHCARD QUESTION

Front

What is the formula for calculating income tax expense?

Back

Gross profit x Tax rate

5.

FLASHCARD QUESTION

Front

What is the formula for calculating return on investment?

Back

(Net profit / Investment) x 100

6.

FLASHCARD QUESTION

Front

What is the formula for calculating net profit?

Back

Gross profit - Expenses

7.

FLASHCARD QUESTION

Front

Which of the following is an example of a variable expense? Rent, Insurance, Utilities, Raw materials

Back

Raw materials

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?