Fixed and Variable Costs
Authored by Laura Vaughan
Business
8th - 10th Grade
CCSS covered
Used 407+ times
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20 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
(a) are all of the expenses that a business incurs (pays).
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The total costs are calculated as the sum of the (a) costs and the variable costs.
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
(a) costs don't vary as the business changes its output
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
(a) costs change directly with output.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed or Variable?
Wages paid for factory labour?
Fixed
Variable
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed or Variable?
Raw materials
Fixed
Variable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed or Variable?
Transport costs
Fixed
Variable
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