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Break-even

Authored by Jackie Koster

Mathematics, Business

9th Grade

Used 8+ times

Break-even
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A break-even analysis

is used to work out how much a business must produce and sell to pay for all costs associated with a product or service

is when a business is not making a profit or loss

is the total of variable and fixed costs

consists of sales revenue, loss and variable costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the right formula?

Total Costs = Fixed Costs + Variable Costs

Break-even point = Total Revenue - Total Costs

Fixed costs = Total Costs + Variable Costs

Total Costs = Total revenue - Loss

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NOT an example of Fixed costs?

Rent

Salaries

Distribution/transport of goods

Insurance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are examples of variable costs?

Raw materials & interest rates

Performance bonuses & monthly advertisement costs

Raw materials & performance bonuses

Interest rates & monthly advertisement costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The break-even point is

where total revenue equals total costs

when total costs equal 0

when total revenue equals 0

where number of output equals total costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Where is the break-even point?

Output 75, Sales 900, Total costs -1300

Output 125, Sales 1500, total costs -1500

Output 150, Sales 1800, Total costs -1600

Output 200, Sales 2400, Total costs -1800

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed costs

are costs that do not vary with the number of products sold

are costs that vary, in the short run, with the number of products sold

are costs that vary, in the long run, with the number of products sold

do not have to be paid when the business is not making any sales

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