E-PolyLearning

1. If the cost of goods sold is $8000, the gross margin is $5000 then the revenue will be
a. $13,000
b. −$13000
c. $3,000
d. −$3000
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Answer: (a).$13,000

2. Competitiveness can be best measured by
a. Gross margin
b. income margin
c. sales margin
d. cost margin
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Answer: (a).Gross margin

3. The gross margin is added to the cost of sold goods to calculate
a. revenues
b. selling price
c. unit price
d. bundle price
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Answer: (a).revenues

4. The type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as
a. mutual distribution
b. probability distribution
c. collective distribution
d. marginal distribution
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Answer: (b).probability distribution

5. The fixed cost is divided by break-even revenues to calculate
a. cost margin
b. fixed margin
c. revenue margin
d. contribution margin
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Answer: (d).contribution margin

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