profit and loss

Which 3 of these are costs?

• Fixed

• Variable

• Operating

• Revenue

A loan payment is a fixed expense.

• True

• False

Fixed or Variable?

Office rent

• Fixed

• Variable

Fixed or Variable?

Salaries

• Fixed

• Variable

Fixed or Variable?

Raw materials

• Fixed

• Variable

Fixed or Variable?

Insurance

• Fixed

• Variable

Fixed or Variable?

Transport costs

• Fixed

• Variable

The price at which goods or services are offered by a business to their customers is called

• Selling price

• Cost

• Variable cost

• Currency

Costs that must be paid regardless of how much of a good or service is produced. They do not change in the short term, regardless of output are called

• Variable costs

• Fixed costs

• Total costs

• The costs

The term used to describe money gained after a sale.

• cost price
• selling price
• profit 
• loss

Tags

CCSS.6.RP.A.3B