How well do you know Facebook Advertising?

With Social Media doing wonders for businesses, Facebook Advertising is one handy tool for growing your business. Let's find out how well you have delved into this realm.
Facebook defines ads as:
Where are you able to view customized reports?
Targeting and Placement specifications are set at which level?
In how many ways can you purchase Facebook ads?
True or false: is page engagement the objective of the Ad Campaign?
Facebook ad images can't be more than what percentage of text?
How would you target users similar to people that already like your page?
Where in Facebook do ads appear?
What is used to track events and measure performance?
This is a score of 1 to 10 based on how the ad is performing among the selected audience:

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You need some improvement.
Good! A little more effort and you'll be there
Nice. :) You're almost there!
Great. A little brush up and you'll be the Best!
Awesome!! You are the Facebook Ads Expert. Congratulations!!