Fixed costs do not change in total when there is a modest change in sales.

Breakeven Analysis

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Other
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University
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Medium
PR Policarpio
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17 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An example of a fixed expense would be a 5% sales commission.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Maintenance and rent are often fixed expenses.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Variable costs change in total as volume changes.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An example of a variable cost is an office manager's monthly salary.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A retailer's cost of goods sold is an example of a variable expense
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Break-even point is the point where revenues equal the total of all expenses including the cost of goods sold.
TRUE
FALSE
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