Test Your Business Acumen
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Quiz Questions
1.
What is the calculation for Gross Profit Margin (GPM)?
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A.
Gross Profit ÷ Net Sales
B.
Net Sales ÷ Gross Profit
C.
Net Profit ÷ Revenue
D.
Revenue ÷ Gross Profit
2.
Which of the following terms is not synonymous with profit?
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A.
Income
B.
Earnings
C.
Equity
D.
Bottom Line
3.
Which of the following terms is not a line item on a P&L statement?
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A.
Net Income
B.
Gross Profit
C.
Cash
D.
Operating Expenses
4.
What is the financial ratio (%) that measures how well an organization is using its resources to generate operating profit?
A.
ROA (Return on Assets)
B.
ROE (Return on Equity)
C.
ROI (Return on Investment)
D.
ROS (Return on Sales)
5.
What is the financial ratio calculated by dividing net profit by net sales?
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A.
WIP (Work in Process)
B.
ROS (Return on Sales)
C.
ROE (Return on Equity)
D.
ROA (Return on Assets)
E.
Answer E
6.
What is the profit (or loss) on an investment, expressed as a percentage. This may also refer to returns attributable to ad campaigns, capital equipment, or various programs.
A.
ROI (Return on Investment)
B.
ROC (Return on Capital)
C.
ROA (Return on Assets)
D.
Variable Margin
Quiz Outcomes
1.
0%
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Your Business Acumen needs some work - start with our eBook below.
2.
16%
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Your Business Acumen needs some work - start with our eBook below.
3.
33%
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Your Business Acumen needs some work - start with our eBook below.
4.
50%
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Your Business Acumen needs some work - start with our eBook below.
5.
66%
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Your Business Acumen needs some work - start with our eBook below.
6.
83%
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Nice score! Challenge your coworkers to do better. Check out our eBook to see the impact of Business Acumen.
7.
100%
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Perfect! Challenge your coworkers to match your score. And check out our eBook to see the impacts of Business Acumen.
