Other questions in this quiz

2. What is the formula for revenue

  • price x quantity sold
  • profit x fixed cost
  • cost of sales x price
  • profit- sales

3. the formula for contribution per unit

  • Fixed Costs ÷ (selling price per unit- variable cost per unit)
  • selling price per unit- variable cost per unit
  • Variable cost x fixed costs + profit

4. Which one of these is an example of a variable cost

  • employees salary
  • Raw materials
  • Rent

5. Which one of these is a motive for becoming an entrepreneur

  • Money
  • Woman
  • Cars

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