ESP1318 unit 3

ESP1318 unit 3

University

10 Qs

quiz-placeholder

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ESP1318 unit 3

ESP1318 unit 3

Assessment

Quiz

English

University

Medium

Created by

Carlosanibal Escobar Contreras

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This definition corresponds to:

money (or some equivalent value) that an individual or business receives, usually in exchange for providing a good or service or through investing capital.

Income

expense

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the following definition corresponds to:

The direct costs attributable to the production of goods sold by a company

Revenue

Costs of goods sold

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It's the company's total revenues minus the costs of good sold:

Revenue

Gross Profit

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

They are the economic costs a business incurs to earn revenue:

Expenses

Other income

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

How would you describe the change in this account?

Rapid decrease

Hold steady

Slight increase

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

How would you describe the change in Gross sales?

decline

rise

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The name of this ratio is...

Current Ratio

Return on equity Ratio

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