Copy and Edit

Break-even Y9 Business

Description

Quiz on Break even , created by Christina Situ on 26/02/2019.
Christina Situ
Quiz by Christina Situ, updated more than 1 year ago
Christina Situ
Created by Christina Situ about 5 years ago
58
1
0

Resource summary

Question 1

Question
What is break-even (choose all options)
Answer
  • The break-even point for a business is where total revenue is the same as total costs.
  • Break even is when the business is making neither a profit or a loss
  • Break even is when you have positive cash flow
  • Break even is when the income and selling price is the same as total costs
  • Break-even is when your companies cash flow and revenue is the same
  • Break-even is when your costs and profit is the same

Question 2

Question
Contribution is the sum of selling price and variable costs
Answer
  • True
  • False

Question 3

Question
The point at which a business goes from loss into profit can be seen on:
Answer
  • a pie chart
  • a break-even chart
  • a bar chart
  • an organisation chart

Question 4

Question
A fixed cost is one that [blank_start]does not change as output changes[blank_end]
Answer
  • does not change as output changes
  • does change as output changes
  • does change as profit changes
  • does not change as profit changes

Question 5

Question
The difference between the break-even output level and the expected output is the [blank_start]break even revenue[blank_end]
Answer
  • break even revenue
  • area of loss
  • total fixed costs
  • margin of safety

Question 6

Question
Contribution in the break-even analysis is the difference between [blank_start]sales and variable costs[blank_end]
Answer
  • sales and variable costs
  • fixed costs and variable costs
  • fixed costs and sales
  • profit and loss

Question 7

Question
Total costs in break-even analysis are shown by [blank_start]fixed costs plus variable costs[blank_end]
Answer
  • fixed costs plus variable costs
  • fixed costs plus direct costs
  • sales less fixed costs
  • sales less variable costs

Question 8

Question
the formula for margin of safety= [blank_start]actual sales- break even[blank_end]
Answer
  • actual sales- break even

Question 9

Question
What is this?
Image:
Break+Even (binary/octet-stream)
Answer
  • Break even point

Question 10

Question
Break-even level of output also means the contribution
Answer
  • True
  • False
Show full summary Hide full summary

Want to create your own Quizzes for free with GoConqr? Learn more.

Similar

Business Studies: Marketing
Harriet Glover
Business Studies Unit 1
emily.mckechnie
Unit 3 Business Studies
Lauren Thrower
Unit 3.1: Marketing
nk_
Forms of Business Ownership
James HERSH
Finance
pamelamossman
Business Studies - AQA - GCSE - Business Studies Key Terms
Josh Anderson
3. Enterprise, business growth and size
shlokashetty98
Unit 3.4: Effective People Management
nk_
Profit and Loss accounts, balance sheets, and financing a business
noorgal
Market Positioning
Helen Rennie
Browse Library