The amount a seller adds to the cost of a product to determine its basic selling price is known as _____ A. choices

B. Markup

C.Credit

D. Labeling

E. inflation Flag

question: Question 11

Question 11 A brand is all of the following except a(n) __________

A.Item usually owned by the producer or manufacturer

B.Design

C.Term

D.Symbol

F.Name

question: Question 12

An examination of a company's financial statements and the accounting practices that produced them are known as a _________.

A Audit

B.MIS Accounting

C.Trademark

D.Statistical

E. Information

question: Question 13

Which of the following activities would be appropriate to complete for an accountant?

A. a presentation to the company about all financial matters and HR cuts

B.collect inventory and track it

C. analyze all of the financial documents and create recommendations to improve business

D. complete mandatory reviews of each employee

E.collecting the sales this month and comparing it to last year

Question 14

From the list below, which term best describes a company's debts or items that it needs to pay either each month or long term?

A.Assets

B.Owners Equity

C.Producer to consumer

D.Liabilities

F. Double-Entry Bookkeeping System

Question 15

All of the following are examples of assets for a firm except: (Pick the one that does not belong)

A.Accounts Receivable

B. Notes Received

C. Merchandise Inventory

D. Cash

F. Taxes

Question 16

A __________ is a summary of the dollar amounts of a firm's assets, liabilities, and owners' equity accounts at the end of a A. specific period.

B. Liquidity

C. Audit

D. Income Statement

E. Balance Sheet

Question 18

Of the following items below on a financial statement, which would be considered an example of a fixed cost?

A.Benefits

B.Mortgage Payment

C.Inventory

D. Salaries

Question 19

__________ statement summarizes how a firm's operating, investing, and financing activities affect its cash during a specific accounting period.

A.Financial Reports

B.Income Statement

D.Cash Flow Statement

E. Balance Sheet Statement

Question 20.

This ratio explains at a certain period or year how a business will do? (Operating Expenses/Gross Operating Income).

A.Break Even

B.Return on Sales

C. Inventory Turnover

D. Current Ratio