OYF - Chapter 10 Test - Economics of One Unit

OYF - Chapter 10 Test - Economics of One Unit

12th Grade

12 Qs

quiz-placeholder

Similar activities

Finance revision edexcel business a level

Finance revision edexcel business a level

12th Grade

15 Qs

Breakeven AQA

Breakeven AQA

12th Grade

15 Qs

Business Finance Formula Revision

Business Finance Formula Revision

12th Grade

14 Qs

breakeven edexcel a level business

breakeven edexcel a level business

12th Grade

15 Qs

finance revision edexcel a level business

finance revision edexcel a level business

12th Grade

15 Qs

Entrepreneurship II:  Objective 2.03 Vocabulary Test

Entrepreneurship II: Objective 2.03 Vocabulary Test

9th - 12th Grade

16 Qs

Breakeven

Breakeven

12th Grade

15 Qs

Variable Costing for Management Analysis

Variable Costing for Management Analysis

11th - 12th Grade

12 Qs

OYF - Chapter 10 Test - Economics of One Unit

OYF - Chapter 10 Test - Economics of One Unit

Assessment

Quiz

Business

12th Grade

Hard

Created by

Tamelya Moore

Used 2+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a common fixed expense?

rent

labor

salaries

utilities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses that are not affected by the number of products a business sells are called

variable expenses

fixed expenses

contribution margin

selling expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Using the straight-line method of depreciation, what is the annual depreciation expense for an automobile that costs $30,000, has a five-year life for the business, and can then be sold for $10,000?

$7,000

$6,000

$5,000

$4,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed expenses

can never change

change every year

can change from time to time

change in relation to products sold

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One example of other variable expenses would be

commissions

labor

materials

supplies

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses that change based on the quantity of goods a business sells in a given period of time are called

fixed expenses

variable expenses

fluctuating expenses

selling expenses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following four types of business does not typically sell products?

manufacturing

retail

service

wholesale

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?