What is Revenue
1.3- Revenue, costs and profit

Quiz
•
Business
•
8th - 11th Grade
•
Medium
Mrs Chrimes
Used 206+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income from selling products or services
The money being paid out for bills
The money kept by an entrepreneur after costs are paid
The selling price of each of the items
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a fixed cost
Costs that changes with output
Costs that remains the same regardless of output
Costs that change every 6 months
Costs that an entrepreneur fixes in for 12 months
3.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which two of the following are fixed costs
Rent
Raw materials
Electricity
Water
Advertising
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A variable cost changes with output (the more you make the more it costs)
True
False
5.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Which two of the following are variable costs
Raw materials
Rent
Insurance
Water
Advertising
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Calculate the revenue if a business sells 20,000 units at £2 each
£4000
£40,000
$40,000
£400,000
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Calculate the revenue if a business sells 80,000 units at $2.50 each
$200,000
£200,000
£20,000
$20,000
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