Other questions in this quiz

2. What is fixed costs

  • Costs that stay the same no matter how much products the business makes or sells
  • Costs that change depending on the number of products made or sold.

3. What is variable costs

  • Costs that change depending on the number of products made or sold.
  • Costs that stay the same no matter how much products the business makes or sells.

4. Define the term breakeven

  • Breakeven is when revenue and profit costs are the same
  • Breakeven is when revenue and expenditure costs are the same
  • Breakeven is when revenue and expenditure costs are the different
  • Breakeven is when total and expenditure costs are the different

5. What is revenue

  • money a business receives
  • Money that goes out of the business

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