sara colaj
Quiz by , created 10 months ago

Short assessment on revenue, cost and profit.

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sara colaj
Created by sara colaj 10 months ago
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  • Short assessment revenue, cost and profit

    Question 1 of 6

    1

    Income earned by a business over a period of time.https://www.goconqr.com/assets/icons/trash-ellipse.png

    Select one of the following:

    • Revenue

    • Profit

    • Items

    • Cashflow

    Question 2 of 6

    1

    Were do businesses earn most of there income from?

    Select one of the following:

    • Selling products to customers.

    • Paying employees.

    Question 3 of 6

    1

    What is the calculation for revenue (formula)

    Select one of the following:

    • Revenue= Quantity x Price.

    • Revenue=Fixed cost x Variable cost.

    • Revenue= Quantity / Price.

    • Revenue= Fixed cost / Variable cost.

    Question 4 of 6

    1

    Variable costs are costs that will increase as the firm expands.

    Select one of the following:

    • True

    • False

    Question 5 of 6

    1

    Variable costs are costs that will decrease as the firm expands.

    Select one of the following:

    • True

    • False

    Question 6 of 6

    1

    Fixed costs are only fixed over a _____________________ - an expanding firm's fixed costs will go up.

    Select one of the following:

    • Short period of time.

    • Long period of time.