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2nd. Midterm Exam Creación empresas Gastronómicas III

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

There are three types of depreciation of fixed assets: Straight-line depreciation method, Increasing depreciation method and Decreasing depreciation method

a)

True

b)

False

2.

Cost refers to the total amount of material resources that a company invests in the manufacturing, production or acquisition of goods and services. These resources include not only the sales price of the product itself, but also associated costs, such as raw materials, labor, transportation, storage and other direct and indirect expenses necessary to bring the product to the state in which it can be sold.

a)

True

b)

False

3.

Price is the amount needed to acquire a good, a service or another objective. It is usually an accounting amount.

a)

True

b)

False

4.

An intermediary is an agent who links or communicates two or more parties interested in making a transaction or negotiation.

a)

True

b)

False

5.

The intermediary buys at a relatively low price from the producer to offer it at a higher price to the consumer.

a)

True

b)

False

6.

The selling price is something that demands attention, but it doesn't need to be complicated. After all, it's no news that finding the right price for the product or service you offer is something that involves a lot of responsibility.

a)

True

b)

False

7.

There are current and non-current assets

a)

True

b)

False

8.

What is the current inflation rate in Mexico?

a)

3.59%

b)

3.74%

c)

3.54%

d)

3.69%

9.

Depending on the company assigned, you must calculate and perform the financial analysis of the 7 financial ratios. Once you finish, analize and decide what would you do?

a)

You invest

b)

You don't invest

c)

None of the above

10.

Administration costs are those generated in the administrative areas of the company and are called Expenses.

a)

True

b)

False