Operating Costs Quiz
Authored by Michael Hicks
Business
10th Grade
Used 1+ times
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17 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are operating costs? Name 2 main types of operating costs.
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are fixed expenses? Give 2 examples of fixed expenses.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What are variable expenses? Give 2 examples of variable expenses.
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What are semi-variable costs? Give 2 examples of what could be considered 'semi-variable costs'.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
How do operating costs affect selling price?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe two main cost-focused methods of pricing.
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
What are economies of scale?
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