<?xml version="1.0"?>
<Data xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <Questions>
    <Question>
      <Info>It is the company’s net sales revenue less the cost of the good sold. </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Net Sales </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Gross Profit </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Cost of Goods Sold </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Mark Up Percentage </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is the original markup on the cost to arrive at a selling price.  </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Unit cost </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Additional markup </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Initial markup </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Initial selling price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is what the company earns from selling its products or services. </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Sales Revenue </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Income </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Budget  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Assets  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is the price at which a good or service is sold. </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Initial price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Unit cost </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Discount price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Selling price </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>These are discounts granted to customers. </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Sales discounts </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Sales allowances  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Net Sales Revenue </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Gross Margin  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is the value given up to acquire a good or service.  </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Cost </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Initial price </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Money </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Credit card  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>These are goods returned to the company after the initial sale due to defects or other possible reasons.  </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Sales discounts </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Net Sales Revenue </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Sales Return and Allowances </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Perishable goods  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>These are reductions in prices to stimulate the sales of slow-moving items and services.  </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Unit Costs  </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Sales Revenue </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Gross Margin </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Discounts  </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It is a type of discount granted when a buyer purchases in bulk or large quantities.  </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Discount series </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Single trade discount </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Sales discount </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Loyalty discount </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
    <Question>
      <Info>It refers to a series of discounts offered upon meeting some conditions. </Info>
      <link />
      <Answers>
        <Answer>
          <Info>Discount series </Info>
          <IsCorrect>true</IsCorrect>
        </Answer>
        <Answer>
          <Info>Single trade discount </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Sales discount </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
        <Answer>
          <Info>Loyalty discount </Info>
          <IsCorrect>false</IsCorrect>
        </Answer>
      </Answers>
      <Type>Single</Type>
    </Question>
  </Questions>
</Data>