# FREE ENTERPRISE TEST

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2 9. Cost per serving means: A. How much it will cost to produce one recipe B. How much it will cost to produce what you sell in one day. C. How much it will cost to make One. D. How much it will cost to make one batch. 10. What makes a good advertisement? (Choose the best combination) A. Color, Attracts attention, ingredients in product. B. Name of product, price, location, attractive. C. Easy to read, price, color, location, why customers should buy it. D. Nutritional information, price, color, where to buy it, easy to read. 11. What things could you change to adjust your profit? A. Price. B. Number. C. Less expensive supply sources. Use the following price list to do the problems below (do not figure tax). Hot dog \$0.75 Cheeseburger \$0.95 Onions \$0.10 Small fries \$0.65 Small soft drink \$0.60 Hamburger \$0.85 Lettuce & tomato \$0.30 Large fries \$0.85 Large soft drink \$0.80 Milkshakes \$1.10 Figure out the total bill for each of the following problems. Then choose the best answer people ordered 1 hamburger with lettuce, tomato, onion, and a small drink. A. \$1.85 B. \$1.80 C. \$18.50 D. \$ The bus driver ordered 2 hot dogs, a small fry, and a milkshake. A. \$3.00 B. \$3.15 C. \$3.20 D. \$ Marcy ordered one cheeseburger, a large fry, a milkshake for herself and one for a friend. How much does she owe? A. \$3.75 B. \$2.90 C. \$4.25 D. \$4.00

3 15. When counting change back to a customer, you should always give the amount of coins possible. A. best B. least C. most D. correct 16. If a customer s bill totals \$.65 and the customer gives you \$1.00, the correct amount of change (according to our worksheet) would be: A. 3 dimes and 1 nickel B. 5 pennies and 3 dimes C. 1 quarter and 1 dime D. 1 quarter and 2 nickels 17. Gross profit is the B. Amount of money collected from selling products C. Amount of money your product costs to produce 18. Net profit is the: B. Amount of money collected from selling products. C. Amount of money your product costs to produce. 19. To figure the Gross Profit: B. Add up the ticket sales from selling day and subtract the cost of the ingredients C. Add up cost to produce the product and subtract the total sales. 20. To figure the Net Profit: B. Add up the ticket sales from selling day and subtract the cost of the ingredients. C. Add up cost to produc3 the product and subtract the total sales.

5 9. Cost per serving means: A. How much it will cost to produce one recipe. B. How much it will cost to produce what you sell in one day. C. How much it will cost to make One. D. How much it will cost to make one batch. 10. What makes a good advertisement? (Choose the best combination) A. Color, Attracts attention, ingredients in product. B. Name of product, price, location, attractive. C. Easy to read, price, color, location, why customers should buy it. D. Nutritional information, price, color, where to buy it, easy to read. 11. What things could you change to adjust your profit? A. Price. B. Number. C. Less expensive supply sources. Use the following price list to do the problems below (do not figure tax). Hot dog \$0.75 Cheeseburger \$0.95 Onions \$0.10 Small fries \$0.65 Small soft drink \$0.60 Hamburger \$0.85 Lettuce & tomato \$0.30 Large fries \$0.85 Large soft drink \$0.80 Milkshakes \$1.10 Figure out the total bill for each of the following problems. Then choose the best answer people ordered 1 hamburger with lettuce, tomato, onion, and a small drink. A. \$1.85. B. \$1.80. C. \$ D. \$ The bus driver ordered 2 hot dogs, a small fry, and a milkshake. A. \$3.00. B. \$3.15. C. \$3.20. D. \$ Marcy ordered one cheeseburger, a large fry, a milkshake for herself and one for a friend. How much does she owe? A. \$3.75. B. \$2.90. C. \$4.25. D. \$4.00.

6 15. When counting change back to a customer, you should always give the amount of coins possible. A. best. B. least. C. most. D. correct. 16. If a customer s bill totals \$.65 and the customer gives you \$1.00, the correct amount of change (according to our worksheet) would be: A. 3 dimes and 1 nickel. B. 5 pennies and 3 dimes. C. 1 quarter and 1 dime. D. 1 quarter and 2 nickels. 17. Gross profit is the B. Amount of money collected from selling products. C. Amount of money your product costs to produce. 18. Net profit is the: B. Amount of money collected from selling products. C. Amount of money your product costs to produce. 19. To figure the Gross Profit: B. Add up the ticket sales from selling day and subtract the cost of the ingredients. C. Add up cost to produce the product and subtract the total sales. 20. To figure the Net Profit: B. Add up the ticket sales from selling day and subtract the cost of the ingredients. C. Add up cost to produc3 the product and subtract the total sales.

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