Short assessment revenue, cost and profit

Descripción

Short assessment on revenue, cost and profit.
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Resumen del Recurso

Pregunta 1

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

Pregunta 2

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

Pregunta 3

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

Pregunta 4

Pregunta
Variable costs are costs that will increase as the firm expands.
Respuesta
  • True
  • False

Pregunta 5

Pregunta
Variable costs are costs that will decrease as the firm expands.
Respuesta
  • True
  • False

Pregunta 6

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