BIZ 9 Quiz

How much money would I have to pay for an item with an original price of 100 AED after 5% VAT is added?

• 10.5 AED

• 110 AED

• 105 AED

• 100 AED

What is the VAT on an item that costs 100 AED if VAT is calculated at 20%?

• 15 AED

• 20 AED

• 10 AED

• 5 AED

Sales tax is _________ to the price.

• Added

• Divided

• Subtracted

• Multiplied

________ is filling again by supplying what has been used up. It means once the item is sold, they need to order again to replace whatever they sold.

• Product

• Thresholds

• Consignment

• Replenishment

This arrangement means that whatever is being sold, that is the money the buyer needs to pay to the supplier, not the whole item that they delivered.

• Product

• Consignment

• Replenishment

• Thresholds

A process where you don’t have to wait for product inventory to be empty before ordering new products to display.

• Consignment

• Product

• Replenishment

• Thresholds

What does the acronym V.A.T. stand for?

• Value Added To

• Value And Tax

• Value as Tax

• Value Added Tax

What kind of tax is VAT?

• Indirect Tax

• Depends upon the types of goods and services

• Direct Tax

• None of the Above

It is a receipt or note that the customer uses to validate the receipt of an ordered product.

• GRN

• Sales Order

• Purchase Order

• RFQ

What form do we use to compare prices and products?

• RFQ

• Canvass Sheet

• Sales Order

• Purchase Form