Business Costs

Business Costs

1st - 2nd Grade

16 Qs

quiz-placeholder

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Business Costs

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Assessment

Quiz

Business

1st - 2nd Grade

Hard

Created by

Jonathan Stokes

Used 2+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A variable cost is...

A cost that changes with output

A cost that doesn't change with output

A cost that changes when profit increases

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A startup cost is

A cost of buying something you need to pay in order for you business to begin.

A cost you only tend to have once over a long-medium term

A cost that changes with output

A cost that doesn't change with output

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A running cost

amount of money that is regularly spent on things such as salaries, heating, lighting, and rent

costs you only pay for once

costs that change with output

sometimes called fixed costs

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A fixed cost is a cost that does not change with

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Rent is a

Fixed costs

variable cost

Start up cost

running cost

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What type of cost are staff wages

Fixed costs

variable cost

Start up cost

running cost

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What type of cost is print machinery for a tshirt making company

Fixed costs

variable cost

Start up cost

running cost

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