Podcast
Questions and Answers
What is the formula for computing profit?
What is the formula for computing profit?
- Sales - Net Sales
- Net Sales - Cost of Goods Sold
- Sales - Cost of Goods Sold (correct)
- Sales - Gross Profit
Which of the following represents the difference between net sales and cost of sales?
Which of the following represents the difference between net sales and cost of sales?
- Variable Costs
- Gross Profit (correct)
- Packaging Costs
- Fixed Costs
Which costs are incurred as a direct result of producing the product?
Which costs are incurred as a direct result of producing the product?
- Advertising Expenses
- Direct Labor (correct)
- Fixed Costs
- Office Expenses
What kind of costs are generally more static in nature?
What kind of costs are generally more static in nature?
What should the entrepreneur have a clear idea about when putting up his enterprise?
What should the entrepreneur have a clear idea about when putting up his enterprise?
What does the term 'tasks' refer to for an entrepreneur?
What does the term 'tasks' refer to for an entrepreneur?
What is the purpose of time allocation for an entrepreneur in a business?
What is the purpose of time allocation for an entrepreneur in a business?
What is a basic requirement for starting a business in the Philippines?
What is a basic requirement for starting a business in the Philippines?
Why is good record keeping important for a business?
Why is good record keeping important for a business?
What is the role of a bookkeeper in a business?
What is the role of a bookkeeper in a business?
What should an entrepreneur do to ensure efficient business operations?
What should an entrepreneur do to ensure efficient business operations?
Which action helps measure the financial performance of a business?
Which action helps measure the financial performance of a business?
What is a key purpose of consulting professionals like accountants in a business?
What is a key purpose of consulting professionals like accountants in a business?
Why should an entrepreneur consider advertising the business?
Why should an entrepreneur consider advertising the business?
What does it mean to secure insurance for a business?
What does it mean to secure insurance for a business?
What is a book of account used for in business?
What is a book of account used for in business?
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