Finance 101: Test Your Basic Knowledge! Quiz

9 Questions | By Cvcm_finance | Updated: Mar 21, 2022 | Attempts: 833

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Finance 101: Test Your Basic Knowledge! Quiz - Quiz

Finance 101: test your basic knowledge quiz. Just how good are you when it comes to some basic finance concepts such as debt financing and credit? Debt financing the next option that most businesses have when they don’t have enough equity. Do you understand inventory taking, control and earning per share? This quiz will offer you a quick refresher on these topics. Do give it a try and check out other quizzes just like it!

Questions and Answers

1.

Gross Margin is the difference between:
- A.
  
  Revenue and all standard cost
- B.
  
  Asset and Liabilities
- C.
  
  Revenue and Net Income
2.

Which of the following is NOT one of the Overhead Spend under the NMS (Non-Material Spend)?
- A.
  
  DF Fees
- B.
  
  E&O Provisions
- C.
  
  Freight
3.

DF Fees is quoted ___________ with CM and is paid through AVP.
- A.
  
  Monthly
- B.
  
  Quarterly
- C.
  
  Annually
4.

What is an MPM role in reporting accurate costs?
- A.
  
  Responsible for Standard Cost and BOM accuracy to the PID at both Local and Global Level
- B.
  
  Accountable for accuracy of reported Product Standard Cost
- C.
  
  Resolve standard cost , PPV, BOM attribute issues
5.

Which of the following is part of the Cisco Inventory?
- A.
  
  Finished Goods at the SLC
- B.
  
  Last Time Buy inventory at Avnet
- C.
  
  All the above
6.

Which of the following is true?
- A.
  
  Lower product cost translates to better EPS
- B.
  
  Higher E&O and lower buy-down translates to better EPS
- C.
  
  None of the above
7.

What does "Inventory Turns" mean?
- A.
  
  Metric to show how many times a year you could sell a pool of inventory
- B.
  
  Weeks of supply
- C.
  
  All the above
8.

Quality Scrap comes from
- A.
  
  Quarterly E&O provision
- B.
  
  Non Nettable Location
- C.
  
  None of the above
9.

Which of the following is NOT true about a Credit Memo?
- A.
  
  Credit Memo is money owed to Cisco by a supplier
- B.
  
  Credit Memo is issued by CM Finance
- C.
  
  Credit Memo is issued by Cisco A/P