E OBJ 4.04 Vocab
Authored by Andrea Cooper
Business
9th - 12th Grade
Used 47+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed cost
Operating costs that do not increase or decrease with changes in production
A company’s revenue after subtracting the costs of the products it has sold
Operating costs that fluctuate with changes in production
Expense which contains both a fixed-cost component and a variable-cost component
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross profit
A company’s revenue after subtracting the costs of the products it has sold
The ongoing, day-to-day expenses of running a business that are not directly related to production
Operating costs that do not increase or decrease with changes in production
An amount a salesperson earns per sale, either a percentage or a flat rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Operating costs
The ongoing, day-to-day expenses of running a business that are not directly related to production
An amount a salesperson earns per sale, either a percentage or a flat rate
The sum of the overhead and direct costs required to make a product
Operating costs that fluctuate with changes in production
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sales commission
An amount a salesperson earns per sale, either a percentage or a flat rate
The sum of the overhead and direct costs required to make a product
Operating costs that fluctuate with changes in production
estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total cost
The sum of the overhead and direct costs required to make a product
Operating costs that fluctuate with changes in production
The ongoing, day-to-day expenses of running a business that are not directly related to production
Operating costs that do not increase or decrease with changes in production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Variable cost
Operating costs that fluctuate with changes in production
Expense which contains both a fixed-cost component and a variable-cost component
Operating costs that do not increase or decrease with changes in production
Costs which contains both a fixed-cost component and a variable-cost component
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Semi-variable cost
Operating costs that fluctuate with changes in production
Costs which contains both a fixed-cost component and a variable-cost component
Operating costs that do not increase or decrease with changes in production
The ongoing, day-to-day expenses of running a business that are not directly related to production
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