| 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
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| 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
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| 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
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| 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
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| 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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