Profit and loss
Authored by Ekaterina Reyngold
Business
10th Grade
Used 14+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total revenue is
all the money coming in when the business sold its products or services
money coming in after all the costs have been paid
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total costs =
Total revenue - Total fixed costs
Total fixed costs + Total variable costs
Total variable costs - Total fixed costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total revenue is 25,000 AED, total costs are 30,000 AED. Did the business make profit or loss?
profit
loss
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total revenue is 10,00 AED, total costs are 7 AED. Is it profit or loss?
profit
loss
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a business a making a loss....
nothing is wrong
it might be wise to stop production of the product or service
it's good for a business
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