COST AND REVENUE

COST AND REVENUE

11th Grade

20 Qs

quiz-placeholder

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COST AND REVENUE

COST AND REVENUE

Assessment

Quiz

Education

11th Grade

Medium

CCSS
HSF-LE.A.1B, 6.NS.B.3

Standards-aligned

Created by

Arushi Sinha

Used 126+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Which of the following is the best definition of REVENUE?
The total amount of income a business makes from selling products or services
The amount of money a business has LEFT over after paying for their costs.
The total amount of money a business spends.
The amount of money a business loses every month.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Which of the following is the best definition of COSTS?
The total amount of income a business makes from selling products or services
The amount of money a business has left over after paying for materials.
The total amount of money a business spends.

Tags

CCSS.6.NS.B.3

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Your business rents a building on Main Street in Cedar Falls.  Every month you pay exactly $750 to rent the building.  This is an example of a...
FIXED cost.
VARIABLE cost.

Tags

CCSS.HSF-LE.A.1B

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Fixed Cost + Variable Cost =

Breakeven point

Total costs

Fixed costs

Variable costs

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Costs that change based on the amount of goods and services produced.

Total costs

Fixed costs

Variable costs

Costs

Tags

CCSS.HSF-LE.A.1B

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Rent, administrative costs, advertising, employee salary are examples of ...

Variable costs

Fixed costs

Costs

Prices

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Marginal cost is

Total cost

minimum cost

Change in TC

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