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WorksheetsCost and Revenue Quiz!
Total questions: 13
Worksheet time: 7mins
What is a fixed cost?
A cost that changes depending on the level of output
A cost that doesn't change, no matter what the level of output
A cost that sometimes changes, and sometimes stay the same
Raw materials are an example of a...
(a)
Fixed costs are shown as a straight horizontal line when shown on a graph
True
False
Semi-Variable costs are...
partly fixed costs and partly variable costs
the same as fixed costs
the total cost
partly total costs and partly variable costs
Variable costs change in relation to...
the manager's salary
the amount of fixed costs
the number of items produced
the number of offices being rented
Total costs are calculated as...
Fixed costs + Total Variable costs
Fixed costs + Variable costs + Semi-Variable costs
Fixed costs - Variable costs
Variable costs x Raw materials
Revenue is calculated as...
Price x Quantity
Price - Total costs
Quantity + Fixed costs
Fixed costs + Variable costs
Revenue is...
the money spent on materials
the money coming in from suppliers
the money leaving the business after a sale
the money coming in from the sales of goods and services
Fixed costs are shown as a straight horizontal line when shown on a graph
True
False
It depends
Revenue can also be referred to as...
Turnover
Sales
Sales Revenue
Total Revenue
Expenditure is...
spending by a business
a business' savings
sales from customers
money owed to customers
Revenue expenditure is spending on day to day activities
False
True
It depends
Spending on a business on fixed assets is known as...
Revenue expenditure
Capital expenditure
Medium term expenditure
Middle groun expenditure
