#031 4.05 Operating Costs Quizizz

#031 4.05 Operating Costs Quizizz

9th Grade

17 Qs

quiz-placeholder

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#031 4.05 Operating Costs Quizizz

#031 4.05 Operating Costs Quizizz

Assessment

Quiz

Other

9th Grade

Practice Problem

Medium

Created by

Laura Jean Hodges

Used 10+ times

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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a true statement regarding operating costs:

They are fixed expenses

They are not directly related to production.

Only some businesses have them.

They occur once or twice a year.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Operating costs are the opposite of

utilities.

variable expenses.

  fixed expenses.

capital expenditures.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Operating costs that do not increase or decrease with changes in production are called __________ expenses.

variable

mixed

semi-variable

fixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business’s rent or mortgage is a __________ expense

  semi-fixed

 fixed

variable

semi-variable

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Operating costs that fluctuate with changes in production are called __________ expenses.

total

capital

variable

 

fixed

 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales commissions are a __________ expense.

one-time

variable

 

  capital

fixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a true statement regarding operating costs:

Businesses spend more on operating costs than production costs.

 

Purchasing a piece of equipment is an operating cost.

  They are usually divided into selling expenses and manufacturing expenses.

Some may be considered either fixed or variable

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