Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/14
Score 0
It is the amount of money earned based on the value of products or services sold.
30
Users enter free text
Q 2/14
Score 0
It is when commission rate earned increases as the sales amount increases.
30
Users enter free text
14 questions
Q.
It is the amount of money earned based on the value of products or services sold.
1
30 sec
Q.
It is when commission rate earned increases as the sales amount increases.
2
30 sec
Q.
It shows how much a value has increased compared to its original amount. It is commonly used in everyday situations such as salary increases, price changes, tuition fees, utility bills, and business profits.
3
30 sec
Q.
It shows how much a value has decreased compared to its original amount. It is commonly used when there are discounts on products, salary deductions, price reductions, depreciation of assets, or decreases in expenses.
4
30 sec
Q.
It refers to the impact of a sustained increase in the general prices of goods and services over time.
5
30 sec
Q.
The amount that is added to the original cost of an item to arrive at a selling price.
6
30 sec
Q.
It is the amount deducted from the original or marked price of an item, allowing the customer to pay a lower price.
7
30 sec
Q.
A consumption tax imposed on the sale of goods and services. It is added to the selling price and is ultimately paid by the final consumer, while businesses collect and remit the tax to the government.
8
30 sec
Q.
What does VAT stand for?
9
30 sec
Q.
What is the rate of VAT on sale of services and use or lease of properties?
10
30 sec
Q.
It is the price before VAT is taken into account
11
30 sec
Q.
It is the price after VAT is taken into account
12
30 sec
Q.
It occurs when the selling price of a product is greater than its cost price
13
30 sec
Q.
It occurs when the selling price is less than the cost price