sara colaj
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Short assessment on revenue, cost and profit.

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sara colaj
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Short assessment revenue, cost and profit

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

Explanation

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.

Explanation

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.

Explanation

Question 4 of 6

1

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

Select one of the following:

  • True

  • False

Explanation

Question 5 of 6

1

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

Select one of the following:

  • True

  • False

Explanation

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.

Explanation

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