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[TheBiz] 🌸Assessment (100) (Unit 7)

QuizΒ by Irina

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60 questions
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  • Q1
    ❓❓❓is the value of all sales of goods and services recognized by a company in a period.
    Profit
    Income
    Revenue
    30s
  • Q2
    ❓❓❓ is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses.
    Profit
    Expenditure
    Turnover
    30s
  • Q3
    The process of losing value is ❓❓❓.
    expenditure
    expenses
    depreciation
    30s
  • Q4
    A fixed cost is ❓❓❓ for a business that cannot be avoided regardless of the level of production or sales.
    fixed expenses
    aboveheads
    an operating expense
    30s
  • Q5
    Salaries of senior executives and costs of general services such as accounting are examples of ❓❓❓.
    administrative expenses
    utility expense
    impairment losses
    30s
  • Q6
    The Councilor is competent for collective gender discrimination and is entitled to take ❓❓❓ on behalf of female workers.
    to the court
    legal action
    sue
    30s
  • Q7
    I will do my best to ❓❓❓ our account as soon as possible.
    settle
    clear
    pay
    30s
  • Q8
    I am writing to remind you that the sum of $7,089 is still ❓❓❓.
    outstanding
    overdue
    debt
    30s
  • Q9
    If we do not receive payment within seven days, we will be obliged to ❓❓❓ all deliveries.
    maintain
    suspend
    attach
    30s
  • Q10
    All invoices will be paid ❓❓❓in future.
    on writing
    on receipt
    under signature
    30s
  • Q11
    A statement listing goods or services provided and their prices, used in business as a record of sale is ❓❓❓
    bill of exchange
    letter of credit
    invoice
    30s
  • Q12
    An order written by an exporter instructing an importer to pay a specified amount of money at a specified time is ❓❓❓
    outstanding order
    bill of exchange
    invoice
    letter of credit
    30s
  • Q13
    The total amount of a specific good or service that is available to consumers ❓❓❓
    store
    demand
    supply
    30s
  • Q14
    The income generated from sale of goods or services before any costs or expenses are deducted ❓❓❓
    profit
    revenue
    income
    30s
  • Q15
    A company that is owned by a larger company is ❓❓❓
    takeover
    subsidiary
    franchise
    30s

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