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- 1. Multiple Choice
The price at which goods or services are offered by a business to their customers is called
Selling price
Cost
Variable cost
Currency
- 2. Multiple Choice
Costs that must be paid regardless of how much of a good or service is produced. They do not change in the short term, regardless of output are called
Variable costs
Fixed costs
Total costs
The costs
- 3. Multiple Choice
Fixed Cost + Variable Cost =
Breakeven point
Total costs
Fixed costs
Variable costs
- 4. Multiple Choice
The stage at which sales revenue equals the total cost of producing a good or service and the business is making neither a profit nor a loss is the
Taking a break
Breaking point
Point of sale
Breakeven point
- 5. Multiple Choice
A negative difference between the revenues taken in by a business and the costs of operating a business (when a business spends more than it makes) :(
Profit
Breakeven
Loss
Closed
- 6. Multiple Choice
Costs that change based on the amount of goods and services produced.
Total costs
Fixed costs
Variable costs
Costs
- 7. Multiple Choice
A positive difference between the revenues taken in by a business and the costs of operating a business (when a business makes more than it spends). :D
Loss
Profit
Breakeven
Sales
- 8. Multiple Choice
Rent, administrative costs, advertising, employee salary are examples of ...
Variable costs
Fixed costs
Costs
Prices
- 9. Multiple Choice
Raw materials, packaging, wages/labour costs are examples of
Total costs
Fixed costs
Variable costs
Benefits
- 10. Multiple Choice
A single item or good
Unit
Revenue
Cost
Price
- 11. Multiple Choice
The income (amount of money) a business receives for in exchange for a product or service
Costs
Profit
Loss
Sales revenue
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