Break Even Point Revision
Quiz
•
Business
•
9th - 11th Grade
•
Practice Problem
•
Hard
Nicholas Higgins
Used 6+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business doing at the break-even point?
Making a profit
Making a loss
Making neither a profit or a loss
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for Margin of safety?
Actual sales - Sales at Break Even Point
Actual Sales + Sales at Breakeven Point
Actual Sales x Sales at Breakeven point
Actual Sales / Sales at Breakeven Point
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On a break even chart, what line does the total revenue line meet at the break even point?
Fixed Cost Line
Variable Cost Line
Total Cost Line
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When does the break-even point change?
When costs go up
When costs go down
When cost change
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When does the break-even point fall?
When costs go up
When costs go down
When costs change
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the average variable costs £10, average selling price is £25 and fixed costs are £60,000, then what is the break-even output?
4,000
5,000
6,000
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