Life Skills

12th

grade

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Break Even Analysis Knowledge Check

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11 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt
    What does break even point show?
    where a business is neither making a profit or loss
    how many items to make
    how much profit they're making
    where a business has more fixed costs than variable
  • 2. Multiple Choice
    30 seconds
    1 pt

    What assumption does this statement say "Break even is 54 units"?

    if we sell 55 we aren't making a profit

    if we sell 54 we begin to make a profit

    if we sell 55 we begin to make a profit

    if we sell 54 we are not yet at break even point

  • 3. Multiple Choice
    30 seconds
    1 pt
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    My total costs are £50,000 when selling 100 items. My fixed costs are £20,000. What must be the variable cost of one item? 
    £300
    £500
    £200
    Cannot be calculated
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