Break Even Analysis

Break Even Analysis

Assessment

Quiz

Fun

9th - 12th Grade

Hard

Created by

C Dyde

Used 106+ times

FREE Resource

Student preview

quiz-placeholder

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does break even point show?
where a business is neither making a profit or loss
how many items to make
how much profit they're making
where a business has more fixed costs than variable

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is one limitation to calculating break even?
helps projected sales
based on estimates
based on multiple products
considers stock wastage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define variable costs.
costs only related to making the product
overhead costs
combined costs
costs that include marketing

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Businesses calculate break-even in units so they know
how much profit they will earn after they break even
which products they should purchase for resale
which costs are variable and which are fixed
how many products they must sell to break even

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the formula for contribution?

cost price - selling price

fixed costs - variable costs

selling price - variable cost

selling price - cost price

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Some business costs are classified as fixed costs because they
must be paid within a set time
don't change when sales go up or down
are unpredictable and must be estimated
cost all businesses the same amount

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
My total costs are £50,000 when selling 100 items. My fixed costs are £20,000. What must be the variable cost of one item? 
£300
£500
£200
Cannot be calculated

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?