Fixed and Variable Costs
Quiz
•
Other
•
9th - 12th Grade
•
Practice Problem
•
Medium
Netesh Dukanti
Used 80+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ___ cost changes as the quantity of of goods produced changes.
Fixed Cost
Variable Cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ___ remains unchanged even when the number of goods produced changes.
Fixed Cost
Variable Cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Span has 10 workers. Each worker is paid $5,000.00 every month. Workers wages/salary is an example of a ___.
Fixed Cost
Variable Cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Chris has 3 trucks. It costs her $1 for fuel for each kilometer (km) a truck covers. In May the trucks covered a total of 12 000 km and in June the trucks covered a total of 18 000 km. This is an example of a ___.
Fixed Cost
Variable Cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Materials used to produce goods are an example of ___.
Fixed Costs
Variable Costs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nicole has rented a building to setup her factory. Rent is an example of a ___.
Fixed Cost
Variable Cost
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Total Revenue = $50,000
Total Cost = $35,000
Which statement is correct?
The business made a loss of $15,000.
The business made a profit of $15,000.
The business made a profit of $85,000.
The business made a loss of $85,000.
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