Marketing & Entrepreneurship IA3 Prep

Marketing & Entrepreneurship IA3 Prep

9th - 12th Grade

40 Qs

quiz-placeholder

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Marketing & Entrepreneurship IA3 Prep

Marketing & Entrepreneurship IA3 Prep

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Whitney Peavy

Used 21+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

1. Inventory is an _____.

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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