Other questions in this quiz

2. What is te correct example of variable costs?

  • Wages
  • Business rates
  • Rent
  • Insurance

3. What are fixed costs?

  • Costs that don't change when the business changes the amount it produces and sells
  • Costs that change when the business changes the amount it produces and sells

4. What is capital?

  • Money that the owners earn
  • Profit made by the business
  • Money invested by an owner into the business
  • Moeny given to workers

5. What is the equation for breakeven?

  • Fixed cost/ ( TR - TC)
  • Fixed cost/ ( Quantity sold - VC per unit?
  • Fixed cost/ (Selline price per unit - VC per unit)
  • Fixed cost/ (Quantity sold x VC)

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