Expenses and Income
Quiz by Rheal Dayrit
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- Q1
Which type of expense pertains to the purchase of tools, equipment, machines, and other assets that can be used over time and serve as a form of investment?
Direct Expense
Personnel Expense
Operational Expense
Capital Expense
30s - Q2
Which type of expense pertains to salaries and benefits for employees?
Operational Expense
Capital Expense
Personnel Expense
Direct Expense
30s - Q3
Which type of expense pertains to ingredients, raw materials, and packaging that are used to produce the final product?
Direct Expense
Capital Expense
Personnel Expense
Operational Expense
30s - Q4
Which type of expense pertains to the payment of services and supplies that are needed to support production, promotion, sales, and management of the business?
Personnel Expense
Capital Expense
Operational Expense
Direct Expense
30s - Q5
In a Pancit Malabon business, the bilao is considered a/an __________________.
Operational Expense
Personnel Expense
Direct Expense
Capital Expense
30s - Q6
In a Pancit Malabon business, the payment to a Grab or Lalamove delivery driver is a/an __________________.
Personnel Expense
Direct Expense
Operational Expense
Capital Expense
30s - Q7
Gross Income minus Total Expense equals ______________.
Ledger
Net Income
Quantity Sold
Total Sales
30s - Q8
If the Gross Income is 100 and Total Expense is 120, then ______________.
The business is losing.
The business is gaining.
The business is at-risk of losing.
The business is at a break-even. (no losses, no gains).
45s - Q9
If the Total Expense is 60 and the Net Income is 40, then _________________.
The business is at-risk of losing.
The business should be stopped or re-conceptualized.
The business is gaining.
The business is losing.
45s - Q10
If for one year, the company had a monthly Net Income of around negative forty ( -40), then __________________.
The business has a very high total expense.
The business should be stopped or re-conceptualized.
The business is at-risk of losing.
The business is gaining.
45s