Entrepreneurship Honors

Operating Expenses

• The ongoing, day to day expenses of running a business that are not directly related to production.

• a company's revenue.

• changes in production.

• is equal expenses.

Break-Even Point

• operation costs that do not increase or decrease with changes.

• an extended leisure and recreation, especially, one spent away from home or in traveling.

• the point at which a business's total sales equal total expenses; the business has not yet made a profit but has not incurred any losses.

• the input of goods or inventory that a company needs to manufacture it products.

Gross Profit

• unwilling to adhere to the proper rules of conduct, doing the wrong thing.

• a company's revenue after substracting the costs of the products it has sold.

• the principle of conduct that govern a group or society.

• the ability to use one's time effectively or productively.

Semi-Variable Costs

• the principles of conduct that govern a group or society.

• notice of termination

• dismissal from termination.

• expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-fixed costs.

Variable Cost

• operating costs that do not fluctuate with changes in production

• pertaining to a sense of space.

• the state of owing money.

• operating costs that fluctuate with changes in production.

Fixed Cost

• operating costs that fluctuate with changes in production

• the cost of a products if it has sold.

• extra money.

• changes that occur as we move through life experiences.

What is the formula to calculate the GROSS Profit