
10.2 Entrepreneurship Assessment
Authored by Elena Charles
Business
9th - 12th Grade
Used 6+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A unit of sale is
what a customer actually buys from you.
what you buy.
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The amount per unit that a product contributes toward the company's profitability before the fixed expenses are subtracted is known as the
unit of sale
contribution margin
EOU
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
To calculate the contribution margin for a unit, you would
subtract the variable expense from the selling price.
subtract the fixed expense from the selling price.
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The contribution margin for one unit does not take into consideration
EOU
variable expenses
fixed expenses
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
In a wholesale business, the cost of goods sold does not include
materials
labor
commissions
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
In a service business, which of the following does NOT apply?
COGS
EOU
contribution margin
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
COGS is used when calculating an EOU in what type of business?
retail
service
wholesale
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