Break Even knowledge check

Break Even knowledge check

9th Grade

15 Qs

quiz-placeholder

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Break Even knowledge check

Break Even knowledge check

Assessment

Quiz

Business

9th Grade

Practice Problem

Hard

Created by

Danielle Williams

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does break even point show?

where a business is neither making a profit or loss
how many items to make
how much profit they're making
where a business has more fixed costs than variable

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What assumption does this statement say "Break even is 54 units"?

if we sell 55 we aren't making a profit

if we sell 54 we begin to make a profit

if we sell 55 we begin to make a profit

if we sell 54 we are not yet at break even point

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some business costs are classified as fixed costs because they

must be paid within a set time
don't change when sales go up or down
are unpredictable and must be estimated
cost all businesses the same amount

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that does not reach break-even will

go bankrupt
have profit and loss
lose money
need to relocate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses calculate break-even in units so they know

how much profit they will earn after they break even
which products they should purchase for resale
which costs are variable and which are fixed
how many products they must sell to break even

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is represented by the space below the break-even point on a break-even graph?

Profit

Loss

Fixed costs

Variable costs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the break-even point displayed on a break-even graph?

As the highest point on the graph

As the point where revenue and total costs lines cross

As a straight line across the graph

As the lowest point on the graph

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