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Small Scale Business

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The amount of money spend for the materials and labor that a person uses in coming out with a product to sale.

a)

Mark up

b)

Capital

c)

Profit

2.

The percentage added to the cost of a product.

a)

Capital

b)

Profit

c)

Mark up

3.

The amount left after all expenses in the production, delivery, packaging, and other expenses was deducted.

a)

Mark up

b)

Profit

c)

Capital

4.

A most common method of retailing wherein the customer personally goes to the store

a)

Mail-Order Retailing

b)

Direct selling

c)

Over-the-counter

d)

Automatic vending machine

5.

Customers examine the catalog and advertisement for merchandise he wants to buy, then the order is mailed or placed through the telephone to the retailer's place

a)

Over-the-counter

b)

Direct selling

c)

Automatic vending machine

d)

Mail-order retailing

6.

The salesperson goes to the home of the consumer with the goods or merchandise.

a)

Over-the-counter

b)

Mail-order retailing

c)

Direct selling

d)

Automatic vending machine

7.

This is placed on automatic machines, it contains slots wherein a certain amount of money is inserted.

a)

Over-the-counter

b)

Mail-order retailing

c)

Direct selling

d)

Automatic vending machine

8.

It refers to the number of goods sold and the sum of money received in exchange for goods.

a)

Purchase Record

b)

Sales Record

c)

Inventory Record

9.

It is where the number of goods purchased is recorded.

a)

Sales Record

b)

Purchase Record

c)

Inventory Record

10.

It is the record of goods that are on hand at the beginning of the period and the number of goods left at the end of the period.

a)

Purchase Record

b)

Sales Record

c)

Inventory Record