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COST Reviews

Authored by Madeline Cole

Other

12th Grade

Used 2+ times

COST Reviews
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "cost" refer to in a business context?

What the business pays

What the customer pays

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does COGS stand for?

Cost of Goods Sold

Cost of General Services

Cost of Generated Sales

Cost of Goods Services

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are costs associated with in COGS?

Marketing the product

Building the product or providing the service

Distributing the product

Researching the product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is COGS always stated?

As a total amount

As a per unit amount

As a percentage

As a monthly amount

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common component of LABOR in COGS?

Office supplies

Wages for service providers

Marketing materials

Insurance premiums

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SG&A costs are crucial for:

Business expansion

Day-to-day operations

Product innovation

Market research

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1 time expense needed to get business off the ground

SG&A Costs

Start-Up Costs

COGS

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