Question 1

What is based on the presumption that it is determined by what a customer wants?

Options :

A : Property

B : Trait

C : Superiority

D : Quality

Answer: D

Question 2

The degree to which an organization realizes its goals is called organizational:

Options :

A : Effectiveness

B : Efficiency

C : Contingency

D : Productivity

Answer: A

Question 3

The formula to calculate the Sales (units) is:

Options :

A : Sales (units) = (Fixed costs + Target profit) / break-even sales

B : Sales (units) = (variable costs + Target profit) / break-even purchases

C : Sales (units) = (Fixed costs + Target profit) / Unit contribution margin

D : Sales (units) = (variables costs + Target profit) / Unit contribution margin

Answer: C

Question 4

The average length of time between the purchase of raw materials and labor and the payment of cash for them is called:

Options :

A : Accounts payable period

B : Capital investment cycle

C : Payable deferral period

D : Purchase goods duration

Answer: C

Question 5

Instead of requiring the payment of cash at the time services are provided or goods are sold, a business may accept payment at a later date, such revenues are called:

Options :

A : fees on account

B : earnings on account

C : credit on account

D : liability on account

Answer: A

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