Finance 101: Test Your Basic Knowledge! Quiz

Question 1 of 3

Q1 . 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

Q2 . Gross Margin is the difference between:

A Revenue and all standard cost

B Asset and Liabilities

C Revenue and Net Income

Q3 . DF Fees is quoted ___________ with CM and is paid through AVP.

A Monthly

B Quarterly

C Annually

Q4 . 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

Q5 . 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

Q6 . 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

Q7 . 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

Q8 . 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

Q9 . Quality Scrap comes from

A Quarterly E&O provision

B Non Nettable Location

C None of the above

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