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- 1. Multiple Choice
The price at which goods or services are offered by a business to their customers is called
Selling price
Cost
Variable cost
Currency
- 2. Multiple Choice
A negative difference between the revenues taken in by a business and the costs of operating a business (when a business spends more than it makes) :(
Profit
Breakeven
Loss
Closed
- 3. Multiple Choice
It refers to the amount added to the cost of a product to determine the selling price
Revenue
Cost
Mark up
Mark down
- 4. Multiple Choice
A positive difference between the revenues taken in by a business and the costs of operating a business (when a business makes more than it spends). :D
Loss
Profit
Breakeven
Sales
- 5. Multiple Choice
A single item or good
Unit
Revenue
Cost
Price
- 6. Multiple Choice
The income (amount of money) a business receives for in exchange for a product or service
Costs
Profit
Loss
Sales revenue
- 7. Multiple Choice
It is a planning tool that helps entrepreneur copes up with uncertainties in the future operation of the business.
Revenue
Selling
Benchmarking
Forecasting
- 8. Multiple Choice
The selling price of an item or merchandise is computed by adding cost per unit and __________?
Revenue
Mark up
Discount
Number of items
- 9. Multiple Choice
Mang Berting is a fruit vendor selling at the local public market. He gets his mangoes from a supplier at 25 pesos per kilo and sells it at 45 per kilo to his customers. How much mark-up was Mang Berting adding to his selling price?
P25.00
P30.00
P15.00
P20.00
- 10. Multiple Choice
Aling Marta sells bibingka in her neighborhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?
P450.00
P800.00
P900.00
P1,000.00
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