
L2 BTEC BE
Quiz
•
Social Studies
•
1st - 2nd Grade
•
Practice Problem
•
Easy
Leah Cunningham
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paying the salaries of managers in a factory is an example of:
Fixed costs
Variable costs
Margin of safety
Start up costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buying a delivery vehicle for an online clothing business is an example of:
Fixed cost
Variable cost
Start up cost
Break even cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Current output - break even output =
Fixed costs
Margin of safety
Break even
total costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a source of revenue?
Sales
Interest
Tax
Dividends
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selling price x number sold =
Fixed costs
Total costs
Total Revenue
Margin of safety
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross profit =
Margin of safety + break even
Revenue x cost of sales
Revenue - cost of sales
Selling price - variable costs
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net Profit =
Revenue - expenses
Gross profit - expenses
Expenses - gross profit
profit - revenue
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