Short assessment revenue, cost and profit

Beschreibung

Short assessment on revenue, cost and profit.
sara colaj
Quiz von sara colaj, aktualisiert more than 1 year ago
sara colaj
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Zusammenfassung der Ressource

Frage 1

Frage
Income earned by a business over a period of time.https://www.goconqr.com/assets/icons/trash-ellipse.png
Antworten
  • Revenue
  • Profit
  • Items
  • Cashflow

Frage 2

Frage
Were do businesses earn most of there income from?
Antworten
  • Selling products to customers.
  • Paying employees.

Frage 3

Frage
What is the calculation for revenue (formula)
Antworten
  • Revenue= Quantity x Price.
  • Revenue=Fixed cost x Variable cost.
  • Revenue= Quantity / Price.
  • Revenue= Fixed cost / Variable cost.

Frage 4

Frage
Variable costs are costs that will increase as the firm expands.
Antworten
  • True
  • False

Frage 5

Frage
Variable costs are costs that will decrease as the firm expands.
Antworten
  • True
  • False

Frage 6

Frage
Fixed costs are only fixed over a _____________________ - an expanding firm's fixed costs will go up.
Antworten
  • Short period of time.
  • Long period of time.
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