General Marketing, Econ, Math, Districts prep

Publications that provide specific information about particular fields and new products and styles are known as

Your answer:
Trade Journals
Consumer Panels
Market Papers
Consumer Surveys

Which of the following is a general guideline for answering the telephone in a businesslike manner.

Your answer:
Address the caller by his/her first name
Identify the firm or department and yourself
Take immediate action on the caller's request
Record the correct spelling of each caller's name

In a private enterprise economic system, consumers have a variety of products from which to choose as a result of

Your answer:
The collection of taxes
inflation
limited government control
competition

One of the factors that directly limits the economic fredom fo individuals in a private enterprise system is government

Your answer:
Taxation
Indecision
Production
Services

In economic systems other than private enterprise, the people's standard of living often is controlled by

Your answer:
The marketplace
supply and demand
The government
Private property

Encouraging employees to make the best use of scarce resources is an attempt to increase profits by increasing

Your answer:
sales
demand
efficiency
expansion

A major factor which affects a business's profit but over which the business has little control is the

Your answer:
output from workers in the business
price charged for goods/services
expenses of the business
economy of the nation

Which of the following is classified as an operating expense:

Your answer:
costs of preparing items for sale
cost of goods sold
cost of raw materials
cost of utilities

Which of the following is a true statement:

Your answer:
small businesses usually have their own new-product departments.
product-planning committees take up very little of company executive's time
the smaller a business, the less time that can be devoted to product planning
Venture teams are permanent departments that deal with product/service planning

Any business that transports goods across state lines must comply with standards set by...

Your answer:
individual usinesses.
trade associations.
professional organizations.
government agencies.

Which of the following is a way that businesses can protect consumers from financial loss when comsumers buy products.

Your answer:
By providing protective packaging
By offering warranties or guarantees
By providing complete instruction
By labeling products accurately

Which of the following is an example of excess demand:

Your answer:
Price=$700, demand=$300, supply=$700
Price=$400, demand=$600, supply=$400
Price=$600, demand=$400, supply=$600
Price=$500, demand=$500, supply=$500

Gas and electric companies are businesses that are regulated at the local level by the

Your answer:
Consumer Product Saftey Commission.
Environmental Protection Agengcy.
Federal Trade Commission.
Public Utilities Commission.

The owners of a business are entitled to any profits earned by the business because they have

Your answer:
created jobs.
invested other people's money.
raised the standard of living.
taken a risk.

An example of a natural economic resource is

Your answer:
wood.
tools.
buildings.
equipment.

When producers use the best combination of resources, consumers are more likely to get goods and services that

Your answer:
they do not need.
are best known.
they want.
cost more.

In order for consumption to occur, goods and services must be

Your answer:
specialized.
produced.
exchanged.
improved.

Which of the following is an economic activity:

Your answer:
Sitting beside a friend.
Charging a new pair of shoes.
Walking through a park.
Watching television.

Justin is trying to decide whether he wants to spend a $50 birthday check on a new radio or tickets to a concert. If he chooses the radio, what is the opportunity cost of this decision?

Your answer:
Birthday check
Radio
Concert tickets
$50

What type of product utility is being described in the following situation: Crude oil is refined into gasoline.

Your answer:
Form
Place
Time
Possession

If last year's sales records show that average markdowns in July were 5%, discounts 2%, and shortages 1%, which of the following is most likely to be the percentage of planned reductions for July of this year:

Your answer:
5%
3%
8%
2%

The stock-in-hand for the month is $225,000, planned sales are $175,000, stock-on-order is $28,000, planned ending stock is $250,000, and planned reductions are $13,000. What is the open-to-buy?

Your answer:
$185,000
226,000
$213,000
$200,000

With the following information, calculate open-to-buy: planned sales, $1,300; planned reductions, $200; on order, $800; EOM stock, $1,200; and stock on hand, $1,400.

Your answer:
$1,300
$700
$500
$1,000

Which of the following terms would describe the kinds of relationships which have no specific rules, such as those you have with friends:

Your answer:
Casual
Impersonal
Formal
Logical

To determine whether a customer's complaint is justified, you should

Your answer:
take immediate action.
investigate the problem.
ask a supervisor.
restate the complaint.

A store sells T-shirts for $10. Which of the following would be the most likely to occur if all other factors remain the same and there is a demand for the T-shirt at $10:

Your answer:
If the price is raised, business profits will go up.
If the price is raised, the volume of sales will go up.
If the price is lowered, the volume of sales will go up.
If the price of lowered, business profits will go down.

What federal government agency is responsible for preventing false advertising?

Your answer:
Federal Trade Commission
Food and Drug Administration
Interstate Commerce Commission
Environmental Protection Agency

Natural Monopolies are allowed to exist in the united States because they

Your answer:
improve competition.
control production.
stabilize the economy.
benefit society.

Which of the following is a positive effect of government regulation:

Your answer:
Increased inflation
Price controls
Legal protection
Unfair competition

Which of the following is an example of a government regulation that affects a business's working conditions:

Your answer:
Minimum wage
Food inspection
Zoning laws
Price supports

Economists consider the profit motive in a market economy as

Your answer:
having little or no relationship to our lives.
a major incentive for work/production.
the primary goal of all economic systems.
having little value to individuals.

A type of insurance that rotects the owner of a business from loss when employees or customers are injured on the premises is called__________insurance.

Your answer:
major medical
transportation
Liability
disability

Which of the following is a way to reduce or eliminate business risk by transferring the risk factor to some other person or business:

Your answer:
Forming a corporation
Training employees
Inspecting office equipment
Conducting marketing research

Most businesses put their greatest competitive efforts into competing

Your answer:
with direct competitors.
locally.
with indirect competitors.
nationally.

The basis for the Sherman Act, Clayton Act, and the Federal Trade Commission Act is an effort to

Your answer:
promote regulated monopolies.
protect fair competion
decrease business profits.
protect big business.

When businesses try to attract customers by offering high-quality products, extra customer services, and convenient locations, they are engaged in_________competition.

Your answer:
illegal
price
nonprice
unfair

The managers of several companies have gotten together to set prices for their businesses in order to eliminate competition. What illegal activity is taking place?

Your answer:
Price control
Price indexing
Price fixing
Price discrimination

A business changed its commission structure for salespeople in order to increase sales of high-priced merchandise. This change is an example of a

Your answer:
quota.
tactic.
strategy.
goal.

What is the most common channel of distibution for large industrial goods?

Your answer:
Producer to agent to industrial distributor to user
Producer to industial distributor to user
Producer to industrial user
Producer to agent to user

Gross sales for the women's department were $7,325. If the department had five returns of $26 each, what were net sales?

Your answer:
$7,095
$7,195
$7,299
$7,455

During a three-month period, a business had gross sales of $479,000. During that same period, customers returned goods valued at $1,764 the first month, $1,348 the second month, and $973 the third month. What were net sales for the three-month period?

Your answer:
$438,150
$477,236
$474,915
$483,085

A business's net sales for the year were $990,000; cost of goods sold was $650,000; and total operating expenses were $320,000. Determine the amount of the business's net profit or loss.

Your answer:
$20,000(profit)
$660,000(loss)
$1,320,000(profit)
$20,000(loss)

What is the total of a sales check showing four items at $1.29 each (excluding tax)?

Your answer:
$.33
$5.00
$5.16
$.32

The price of a dozen items is $1.00. How much would nine items cost?

Your answer:
$1.25
$.85
$.90
$.75

Which of the following is an example of an economic good:

Your answer:
Automobile
Medical exam
Guitar lessons
Photo developing

Industrial equipment is an example of a

Your answer:
human resource.
natural resource.
capital good.
consignment good.

By deciding to boy or not to buy, consumers control what goods and services will be produced and at what price through their

Your answer:
gross income.
economic votes.
capital investment.
limited wants.

A characteristic of human wants is that they are

Your answer:
consistent.
limited.
unlimited.
unchanging.

Why do marketers classify goods and services?

Your answer:
To determine promotional budgets
To decide whether to increase production
To help in calculating prices
To aid in marketing planning

A combination of communication techniques which include advertising, publicity, sales promotion, and personal selling is known as the

Your answer:
sales presentation.
media mix.
promotional mix.
public relations policy.

Comparing the target market of newspapers with that of the typical radio audience shows that the newspaper readers are

Your answer:
older and better educated.
more socially mobile and older.
younger and better educated.
less socially mobile and younger.

When a country's imports are greater than its exports, a(n)________ occurs.

Your answer:
comparative advantage
trade deficit
international interdependence
trade surplus

A decrease in the value of the U.S. dollar will

Your answer:
lower the gross domestic product.
increase our imports.
lower the stock market.
improve our foreign trade.

Which of the following factors would account for Japan's comparative advantage in electronic products:

Your answer:
Correct climate and soil
Available technology
Access to raw materials
Access to markets

Which of the following economic laws is a business following when it stops hiring after its current employees achieve a certain level of productivity:

Your answer:
Diminishing returns
Variable products
Marginal revenues
Negative returns

Which of the following is a factor that often enables certain countries to trade successfully with each other:

Your answer:
Same religious institutions
Equal government systems
Similar business subcultures
Identical language traits

Which of the following is a major category of spending that the Bureau of Labor Statistics includes in the Consumer Price Index:

Your answer:
Housing
Exports
Farming
Imports

Calculate a firm's break-even point in dollars from the following information: selling price per unit, $200; variable cost per unit, $100; total fixed cost, $40,000.

Your answer:
$12,000
$40,000
$80,000
$6,000

Which of the following is a way that employees who handle sales transactions can help to save the business money:

Your answer:
Watching for counterfeit money
Accepting third-party checks
Counting out too much change
Neglecting to validate credit cards

A valuablesource of information that explains the proper way of handling a specific piece of company equipment is a(n)

Your answer:
job description.
management report.
operating manual.
maintenance schedule.

A bicycle shop files and pays state sales tax before the due date each month in order to take the .075% discount on the amount of tax due. The shop collected 5% sales of $25,000 in June. How much did the shop save by paying the sales tax on time?

Your answer:
$90.00
$93.75
$95.00
$75.00

How much sales tax would a business report to the state government that it had collected if it's taxable sales were $54,962 and the state sales tax rate is 6%?

Your answer:
$3,297.72
$1,640.76
$1,648.86
$3,281.15

Which of the following is a way that the productivity of an individual worker can be measured:

Your answer:
By diving the total munber of products produced by the number orf production steps
By dividing the dollar totals of sales by the costs of making all of those sales
By dividing the dollar totals of sales by the number of salespeople who made the sales
By dividing the number of customers served by the number of hours an employee worked

All workers should be interested in preventing inflation since it reduces their

Your answer:
gross wages.
wants and needs.
productivity.
disposable income.

An atmosphere of cooperation between labor and management fosters productivity by providing the basis for a good

Your answer:
referral method.
standard of living.
quality of work life.
lavor union.

What effect does a decrease in oeverall productivity usually have on the economy?

Your answer:
Lower prices
Increased lavor costs
Increased sales
Decreased unemployment

An example of an uninsurable business risk is losses caused by

Your answer:
personal injury.
drops in sales volume.
employee theft.
damage to shipments.

Ski instructors in Colorado are examples of workers whose jobs involve specialization by

Your answer:
natural resources.
obsolescence.
capital goods.
stages of production.

A business has extened its inexpensive product line to include larger, more expensive models. This is an example of the product-mix strategy known as

Your answer:
trading-up.
positioning.
trading-down.
alteration.

An important role of promotion is to

Your answer:
set prices.
presell products.
bypass salespeople.
guide management.

A customer makes the following layaway pruchases: 4 dinner plates @ $24.95 each, 4 salad bowls @ $13.50 each, 1 platter @ $32.00. Store policy requires a 15% down payment on layway purchases. The sales tax rate is 7%. What is the amount of the balance due?

Your answer:
$188.81
$175.11
$168.99
$185.80

What forms of utiltity are being created by a business that extends its hours of operation and offers credit to customers?

Your answer:
Place and time
Time and possession
Possession and place
Price and possession

Which of the following factors affects consumers' decisions to buy goods or services.

Your answer:
Buying power
Competition
Production costs
Labor costs

A car wash would be considered a(n)________want.

Your answer:
unlimited
noneconomic
tangible
economic

If production costs decrease, thereby increasing profits, producers will usually produce__________of a product.

Your answer:
less
more
the same amount
twice as much

If there is a large demand for a product and a small supply, the price will usually

Your answer:
go down.
stay the same.
go down, then up.
go up.

A DECA chapter purchased seven-dozen donuts to sell at school on Tuesday. Six-dozen donuts were sold. What do the six-dozen donuts represent?

Your answer:
Demand
Surplus
Capital
Supply

When a decimal problem is done on a calculator, how would and answer of 858.7729 be rounded up to the nearest thousand.

Your answer:
859
858.773
858.772
858.7729

Which of the following is a benefit to a business of performing preventive maintencance:

Your answer:
Saves money
Occupies staff
Increases sales
Reduces overtime

A characteristic of effective prices is that they must be

Your answer:
high.
competitive.
low.
inflexible.

Which of the following terms would allow the greatest length of time to receive a cash discount if the invoice date were June 15, and the goods were received July 1:

Your answer:
2/10, 30 extra
2/10, n/30 EOM
2/10, n/30
2/10, n/30 ROG

What is the amount of the trade discount when the discount rate is 5% and the list price is $26.00?

Your answer:
$24.70
$1.70
$24.30
$1.30

Employees at a small resort hotel are dissatisfied with their working conditions and low wages. What could the employees do that might improve their situation?

Your answer:
Slow down on the job
Join a trade union
Obtain an injunction
Join an industrial union

Colleen will vote next week on the new contract that her union has negotiated with management. Union and management are in the________stage of the collective-bargaining process.

Your answer:
preparation and research
tentative agreement
contract settlement
ratification of contract

Which of the following would be included in calculationg gross domestic product:

Your answer:
The selling price of a car
The cost of transporting food products
The cost of lumber to build a house
The value of a car's motor

An example of a nondurable good is a

Your answer:
can of soda.
pillow.
television.
dental checkup.

Which of the following causes problems in measuring GDP:

Your answer:
Transfer payments add to the value of GDP.
All economic goods and services produced are sold.
The underground economy has a large volume of records.
Some figures used in calculating GDP are estimates.

A manager whose workers perform specialized job tasks decides to offer employees cash bonuses for suggesting ways to improve the work environment. This is an example of trying to

Your answer:
set up job rotation.
create division of labor.
offer job enlargement.
increase job satisfaction.

Which of the following prices products are low levels and advertises them heavily:

Your answer:
Promotional pricing
Multiple pricing
Variable-price policy
Price lining

A business purchases a line of items for resale which cost $12.32 each. Expenses total $1.65 per item. What is the break-even price per item?

Your answer:
$13.97
$14.92
$14.26
$14.71

When caluclating the gross domestic product for the nation, what category would items such as a business's new delivery truck, office furniture, and computer equipment come under?

Your answer:
Gross private domestic investment
Government purchases of goods and services
Net exports of goods and services
Personal consumption and expenitures

When the demand for goods and services starts to fall and unemployme4nt rises, the business cycle is in its _________ phase.

Your answer:
peak
contraction
trough
expansion

Which of the following is considered an external cause of business cycles:

Your answer:
Climatic changes
Money supply
Aggregate demand
Inventory levels

The low point of economic activity occurs during which phase of the business cycle?

Your answer:
Peak
Recession
Trough
Valley

During the 1920's, the citizens of the United States were experiencing a peak in the business cycle. However, the peak ended in the 1930's, and a long period of bad economic times began that lasted for nearly 10 years. What phase of the business cycle did the United States experience in the 1930's?

Your answer:
Inflation
Depression
Contraction
Recession

A country imports goods and services from other countries in order to

Your answer:
create a trade deficit
satisfy domestic wants and needs
create a trade surplus
participate in domestic trade

Which of the following would be the most approptiate products to advertise:

Your answer:
products on order
leftover products
slow sellers
best sellers

Businesses can use information about previous promotions n their promotional planning if they keep the information on hand in a(n)

Your answer:
production schedule
advertising record
marketing report
publicity plan

In order for a business to coordinate its displays and its advertisements, the business should set up its displays of advertised goods

Your answer:
after the ad has appeared
by the time the ad appears
when customes request the goods
during the time the ad is appearing

Simplified worker training, increased employee interest and satisfaction, increased production rates, and ease of transferring to similar positions are all ______________ of labor specialization.

Your answer:
risks
advantages
types
categories

Jennifer found her job to be more satisfying after her manager gave her more freedom to make decisions and to set her own work schedule every week. This is a good example of job

Your answer:
enrichment
enlargement
specialization
rotations

A characteristic of trade industies is that the services they offer

Your answer:
may be limited or full line
are always full line
vary from day to day
are always limited

Unlimited life is a characteristic of which of the following forms of business organization:

Your answer:
sole proprietorship
cooperative
corporation
partnership

What is an advantage of a sole proprietorship?

Your answer:
limited capabilities
disagreements
difficult to end
pride of ownership

The form of business ownership in which two or more owners are liable for all debts or losses of the business is a

Your answer:
general partnership
corporation
limited partnership
sole proprietorship

The Premium Ice-Cream Parlor has operated successfully for more than 15 years, and the owners would like to open other Premium Ice-Cream Parlors all over the state. What type of expansion should they consider?

Your answer:
Product trade-name franchise
Business-format franchise
Subchapter "S" corportaion
Limited liability company

Which of the following is a benefit to consumers of the exchanges which occur as a result of marketing:

Your answer:
Making maximum profits
Obtaining items when needed
Determining how to meet wants
Gaining repeat business

A business had beginning of the month (BOM) stock of $4,000 and end of the month (EOM) stock of $3,000. If sales for the month totaled $7,000, what is the stock turnover rate for the month?

Your answer:
2
3
4
1

A business is estimating that its reductions for the month of March will be 5% of planned sales. If planned sales are $10,000, how much are reductions?

Your answer:
$500
$5000
$5
$50

What percentage of planned sales are planned reductions if planned sales are $150,000 and planned reductions are $15,000

Your answer:
1%
10%
15%
5%

In copyreading an advertising proof, the advertiser should use horizontal parentheses between words to indicate

Your answer:
close up the space
move to the left
tranpose words
move to the right

Many businesses try to get information about their activites presented to the public by the media without paying a fee. These businesses are trying to obtain

Your answer:
advertising
public relations
marketing research
publicity

A company preparing a news release should always provide the media with

Your answer:
a contact name and phone number
a glossy photograph suitable for print
the operating hours of the business
the billing address of the business

A customer hands a salesperson $10.00 for a $7.57 purchase. The correct change to give the customer is

Your answer:
2.47
3.43
2.43
1.43

How many coins are in a roll of quarters

Your answer:
50
40
70
60

What has occurred when an item is recorded on the cash register for more than it is priced?

Your answer:
Ring on the wrong department key
Overring
Underring
Void

A cash register has an opening change fund of $50.00. The total sales indicated on the detail audit tape registered $676.00. Cash recieved for the day was $676.00. The register was

Your answer:
$50.00 over
out of order
Balanced
$50.00 short

Calculate the amount a customer would pay before taxes for thee pairs of Slacks @ $18.95 per pair and alteration charges of $1.50 each

Your answer:
$56.85
$60.35
$56.35
$61.35

A salesperson sells and item for $17.76 in a state where the sales tax rate is 5%. The correct taxt to the nearest cent is

Your answer:
$.98
$.89
$.90
$.88

Jeannie purchased a sweater for $15.00, jeans for $22.00 and shoes for $40.00. If the sales tax rate is 5.5%, what would the amount of sales tax be?

Your answer:
$4.24
$.42
$2.03
$3.41

The customer's purchases totaled $5.17 before tax of 3% was added. What was the final amount of the sale?

Your answer:
$5.23
$5.22
$5.32
$5.33

If cards are priced for "3 for $3.95" what is the price of one card?

Your answer:
$1.31
$1.33
$1.32
$1.34

A sales slip shows sales tax of $.75 and a subtotal of $21.30. The total on the sales slip should be

Your answer:
$20.55
$22.05
$.75
$21.30

With a sales tax of 5%, determine the total sales check for the following purchases: 2 items at $12.50 each 1 item at $21.99

Your answer:
$50.19
$49.34
$51.05
$47.63

Susan Samuelson purchased two quarts of wood stain @$3.50 each and five sheets of sandpaper @$.17 each. Including sales tax of 4% what was the total amount charged to Susan's credit account?

Your answer:
$8.16
$7.12
$3.82
$8.07

Chad Brown paid for two lunches with his credit card. If the lunches were $5.95 each, and Chad included a 20% tip, how much was charged to Chad's account?

Your answer:
$13.09
$7.14
$14.28
$6.55

On May 2, Jan returns a blow dryer with a reciept which shows it was a cash purchase of $29.99 on April 29. Jan wants to exchange the dryer for one that is $34.95. Store policy states that cash refunds will not be given, returns must be made within 10 days, and sales receipts must be presented. Will a cash refund be issued for this transaction?

Your answer:
no, the customer owes additional money
yes; if was a cash purchase
no; the time limit has expired
yes; the customer will get a due bill

How much refund is due a customer who returns a cash purchase that cost $39.95 plus sales tax of 5.5%?

Your answer:
$41.94
$42.15
$44.41
$39.95

A customer has placed a set of golf clubs priced at $300 on layaway. State sales tax is 5% and there is a $2 service charge for layaway. The customer's initial deposit is $60, with a second payment of $20. What is the balance due from the customer?

Your answer:
$220
$237
$297
$237.10

Doug is returning a stereo purchased on credit for $199.95 plus 5.5% sales tax. How much should be credited to Doug's credit account?

Your answer:
$206.77
$199.95
$209.95
$210.95

How much if the total bank deposit for a business depostiting $2,594 in cash and checks totaling $4,973.68?

Your answer:
$7,387.68
$7,972.68
$7,567.68
$7,747.68

A customer's bank balance on June 10 is $315.17. A deposit of $11 is made on June 11. Three outstanding checks of $5, $3.02,and $3.15 clear the account of June 14. The customer's bank balance on June 15 is

Your answer:
$315
$316
$318
$314

Which of the following is a true statement about sales taxes:

Your answer:
Businesses pay sales taxes along with their income taxes.
Businesses forward a percentage of sales taxes to the government.
Sales taxes are deferred if a business shows a loss.
Businesses collect sales taxes for government.

What is the best source of information that the owner of a new business could use to find out how to collect sales tax?

Your answer:
the local chamber of commerce
the Internal Revenue Service
The state board of equalization
a financial institution

Which of the following usually has an additional tax placed on it, beyond the regular sales tax:

Your answer:
candy
gasoline
clothing
small appliances

A business's gross sales for the month were $5,250. For the same time period, customer returns were $300. The net sales for this month were

Your answer:
$4950
$5525
$5575
$4925

If a business had $17,890 in gross sales, $1,320 in returns, and no allowances, what are its net sales?

Your answer:
$16,880
$17,120
$16,570
$17,890

The General Business Company had gross sales of $25,750 one month, and total adjustments of $2,475 for a net sales figure of

Your answer:
$24,025
$23,275
$23,250
$24,225

A business discounted the $625 price of an item by $62.50 for a net sales figure of

Your answer:
$565.25
$550.50
$560.00
$562.50

If sales amount to $50,000, expenses are $10,000 and cost of goods sold is $30,000, what is the amount of gross profit?

Your answer:
$30,000
$20,000
$40,000
$10,000

Calculate a firm's net profit or loss, given the following information: Expenses, $5,000; Cost of Goods Sold, $22,000; Sales, $40,000.

Your answer:
$23,000
$13,000
$17,000
$18,000

If a store operates on a 30% gross margin and has sales of $25,000, with operating expenses of $6,500, what is the amount of it's profit?

Your answer:
$10,000
$14,000
$11,000
$1,000

A DECA chapter plans to sell school store shirts which cost $36 per dozen. There is a one-time $20.00 fee for the art imprint and $9.00 per dozen is the shipping and handling charge. The club will sell the shirts for $7.00 each. If twelve dozen are ordered, how many shirts must the club sell to break even?

Your answer:
96
100
60
80

Compute the variable cost margin per unit for a product using the following information: selling price per unit = $30.00; variable costs per unit = $20.00.

Your answer:
$50
$20
$10
$30

Once a year, the ABC Card Shop has a half-price sale. What would be the sale price of cards that regularly sell for $2.50?

Your answer:
$1.75
$2.00
$2.25
$1.25

The cost of an item is $64 and the desired markup is 40% of cost. If the item is priced at $81, how much did the company lose because of improper pricing?

Your answer:
$8.60
$42.60
$81.50
$8.00

The cost of an item is $8.75. If the operating expenses per item were $.45 and the store desired to recover its costs and expenses and make a profit of $.35 from each item, what would be the item's selling price?

Your answer:
$8.85
$7.95
$9.10
$9.55

In order to plan stock, a business needs to know the turnover rate of its stock. If the number of units sold is 160 and the average inventory is 40, the stock turnover rate is

Your answer:
120
6,400
200
4

If the value of beginnning of the month (BOM) stock was $30,000 and sales for the month were $20,000. Caluclate the stock to sales ratio.

Your answer:
1.5
.15
15.5
15

What percentage of planned sales are planned reductions if planned sales are $450,000 and planned reductions are $27,000?

Your answer:
4.5%
10%
8%
6%