Cost of Doing Business Quiz
Authored by Jessica Tereth
Business
10th - 12th Grade
Used 8+ times
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12 questions
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1.
OPEN ENDED QUESTION
3 mins • Ungraded
What does COGS stand for?
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following can be decreased to earn more profit per unit?
Startup Costs
Fixed Expenses
Variable Expenses
Selling Price
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following would be considered a VARIABLE expense?
(Select all that apply)
Labor
Insurance
Materials
Rent
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total cost of making one unit is also known as:
COGS
Startup Costs
Definition of one unit
Fixed Expenses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An ongoing expense a business must pay usually on a monthly basis to be able to operate is called:
Fixed Expense
Variable Expense
COGS
Startup Costs
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following would be considered a FIXED expense?
(Select all that apply)
Labor
Utilities
Materials
Rent
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Calculate total Cost Of Goods Sold using the information provided below:
Materials: $1.50
Labor: $2.00
Selling Price :$12.99
Delivery Cost: $3.00
Fixed Expenses: $145
$6.50
$3.50
$6.49
None of the above
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