What is sales tax_____________?

Related Mcqs:

1. You are planning to run a hot dog stand during a forthcoming fair. You originally estimated that you will generated sales revenue of Rs 2000 and you have already spent Rs 1000 building the hot dog stand. The hot dog stand is nearly completed but now you estimate total sales to be only Rs 800 because the fair clashes with a major music festival in a nearby location. You can complete the hot dog stand for another Rs 300 Your decision rule should be to complete the hot dog stand as long as the cost to complete the stand is less than ?

   A. Rs 300
   B. Rs 1000
   C. Rs 500
   D. Rs 800

2. When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?

   A. Cost push theory
   B. Supply and Demand theory
   C. Fundamental theory
   D. Ricardo’s theory

3. Percentage of total industry sales that a particular company controls is called ?

   A. Lion’s share
   B. Market share
   C. Net share
   D. Holding share

4. To maximise sales revenue a firm should produce where ?

   A. Marginal cost is zero
   B. Marginal revenue is maximised
   C. Marginal revenue is zero
   D. Marginal revenue equals marginal cost

5. Which of the following promotional budget methods wrongly views sales as the cause of promotion rather than as the result ?

   A. Affordable method
   B. Percentage of Sales method
   C. Competitive parity method
   D. Objective and task method

6. All of the following are methods by which a company can divide up its sales responsibilities EXCEPT ?

   A. territorial sales force structure
   B. pychographic trait sales force structure
   C. product sales force structure
   D. customer sales force structure

7. The course of a product’s sales and profits over its lifetime is called ?

   A. the sales chart
   B. the dynamic growth curve
   C. the adoption cycle
   D. the adoption cycle
   E. the product life cycle

8. Costs that do not vary with production or sales levels are called ?

   A. fixed costs
   B. variable costs
   C. standard costs
   D. independent costs

9. Suppose that rising U.S income leads to higher sales and profits in the United States This would likely result in ?

   A. increasing portfolio investment into the United States
   B. decreasing portfolio investment into the United States
   C. increasing direct investment into the United States
   D. decreasing direct investment into the United States

10. Sales staff are keen to sell extended warranties because ?

    A. extended warranties offer value for money.
    B. the cost of repair will usually exceed the cost of the warranty
    C. they are paid commission on each extended warranty they sell.
    D. They are concerned about customer satisfaction.