Unit 2 Quiz
- Created by: Angela31
- Created on: 14-09-17 15:09
Other questions in this quiz
2. What is a direct cost?
- Expenses that directly relate to making a product
- Expenses that directly relate to selling a product
- Expenses that don't directly relate to making a product
- Variable costs
3. How do you calculate revenue?
- number of sales / price per unit
- number of sales + price per unit
- number of sales x price per unit
- number of sales - price per unit
4. What is the Break-Even Point?
- when the amount of money spent on a product is smaller than amount of money selling the product
- when the amount of money spent on a product is the same as the amount of money selling the product
- when the amount of money spent on a product is larger than amount of money selling the product
- when the amount of money spent on a product is different than than amount of money selling the product
5. How do you calculate profit/loss
- total costs + revenue
- total costs - revenue
- revenue - total costs
- revenue + total costs
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