1. Inventory is an _____.
Marketing & Entrepreneurship IA3 Prep

Quiz
•
Life Skills
•
9th - 12th Grade
•
Medium
Whitney Peavy
Used 21+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
asset
expense
none of the above
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cash is an _____.
asset
exense
none of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Advertising is an _____.
asset
expense
none of the above
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The goods and materials available for sale at the beginning of a period are _______.
beginning inventory
costs of goods sold
ending inventory
raw materials
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The cost of the merchandise that was sold to customers is
beginning inventory
costs of goods sold
ending inventory
raw materials
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Checkout counters are an example of this operating expense _____.
rent
advertising
equipment
fixtures
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
______ is the total amount a business earns before any deductions, such as taxes, are taken out.
gross income
break even point
net income
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