Business Costs and Revenue Quiz

Which of the following is a fixed cost?

• Rent

• Flour for baking

• Delivery fees

• Hourly wages

Which is a variable cost?

• Insurance

• Raw materials

• Property tax

• Monthly lease

Startup costs are usually:

• Paid every month

• One-time expenses before launching

• A percentage of revenue

• Optional expenses

Which of these is an operating cost?

• Cash register purchase

• Store decorations

• Utilities

• Logo design

Revenue is best defined as:

• Money left after expenses

• Total income from sales

• The same as profit

• A type of fixed cost

Profit is calculated as:

• Revenue ÷ Costs

• Revenue + Costs

• Revenue − Costs

• Costs − Revenue

Which is an example of a revenue stream?

• Insurance

• Subscription fees

• Taxes

• Loan repayments

If your fixed costs are $1,000 and you sell a product for $20 with $10 variable cost, your break-even is:

• 50 units

• 75 units

• 100 units

• 200 units

A bakery buys flour, sugar, and butter. These are:

• Startup costs

• Variable costs

• Fixed costs

• Revenue streams

Rent, salaries, and insurance are examples of:

• Variable costs

• Fixed costs

• Revenue streams

• Profit margins