Unit 4 ENV Test Review

Unit 4 ENV Test Review

10th - 12th Grade

50 Qs

quiz-placeholder

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Unit 4 ENV Test Review

Unit 4 ENV Test Review

Assessment

Quiz

Life Skills

10th - 12th Grade

Practice Problem

Medium

Created by

Jennifer Newcom

Used 5+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A litmus test for profitability is the ________.

Optional features
Economics of one unit (EOU)
The money borrowed (IOU)
A focus on quality

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the estimated time required to earn sufficient net cash flow to cover the start-up investment?

Recovery period
Repayment estimate
Net cash flow period
Payback period

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Carla sells hot coffee, cider and tea from a sidewalk cart near Wall Street in New York City. Last month she sold $4,500 worth of product to 1,000 customers. She spent $800 on buying her beverages in bulk. Her monthly costs are: Utilities = $100, Salary = $2,000, Advertising = $0, Insurance = $0, Interest = $0, Rent (cart

3500
3000
2700
2000

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Fixed Operating Costs ________.

Include expenses like the DSL bill and rent
Are not included in COGS
Are not direct costs of creating each product
All of the above.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which two categories below are used for business costs?

Gross and net
Materials and labor
Pre-tax and after-tax
Fixed and variable

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not a category of fixed costs?

Raw materials
Capital
Depreciation
Utilities

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If you sell $2,500 of product, pay COGS of $800 and other variable costs of $450, what is your contribution margin in dollars?

2050
1700
1250
2450

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