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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 7 - 8.

Multiple Choice Questions

1. What is "profit margin"?
(a) Sales plus all operating costs divided by the number of sales. The result is a ratio.
(b) Sales multiplied by costs divided by costs. The result is a round number.
(c) Sales plus value-added and goodwill divided by costs. The result is a whole number.
(d) Sales plus all operating costs divided by the number of sales. The result is a ratio.

2. When do Evan and Jessie agree to determine the winner of the lemonade selling bet?
(a) After the fireworks on Sunday.
(b) Before the fireworks on Saturday.
(c) Before the fireworks on Sunday.
(d) After the first day of school.

3. What had broken a week ago in the protagonist's attic?
(a) An air conditioner.
(b) A dresser.
(c) An antique fan.
(d) The Treski television.

4. What is Jessie going to miss by skipping third grade?
(a) Writing something positive on an index card for another student and receiving one.
(b) She will miss all of her friends.
(c) The science fair, which is the biggest event of the year.
(d) All of the cute boys in third grade.

5. What does Jessie ask Megan to do?
(a) Go to the beach and lie in the sun.
(b) Start a lemonade stand.
(c) Come over to her house and play in the pool.
(d) Let her borrow some clothes for the new year.

Short Answer Questions

1. Whose house do Jessie and Megan stop by first to set up a lemonade stand on Saturday?

2. With only three days left for selling lemonade, how much money does Evan need?

3. What is one reason the boys set up their first lemonade stand where they do in Chapter 3?

4. Why does Evan say he does not want to go to the 7-Eleven with Jessie?

5. How much money does Evan make on his first day selling lemonade?

(see the answer key)

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