16789026
Description
Quiz by sara colaj, updated more than 1 year ago
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Created by sara colaj
about 5 years ago
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Question 1
Question
Income earned by a business over a period of time.https://www.goconqr.com/assets/icons/trash-ellipse.png
Answer
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Revenue
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Profit
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Items
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Cashflow
Question 2
Question
Were do businesses earn most of there income from?
Answer
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Selling products to customers.
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Paying employees.
Question 3
Question
What is the calculation for revenue (formula)
Answer
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Revenue= Quantity x Price.
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Revenue=Fixed cost x Variable cost.
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Revenue= Quantity / Price.
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Revenue= Fixed cost / Variable cost.
Question 4
Question
Variable costs are costs that will increase as the firm expands.
Answer
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True
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False
Question 5
Question
Variable costs are costs that will decrease as the firm expands.
Answer
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True
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False
Question 6
Question
Fixed costs are only fixed over a _____________________ - an expanding firm's fixed costs will go up.
Answer
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Short period of time.
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Long period of time.
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