Break-even Analysis Quiz

Break-even Analysis Quiz

12th Grade

29 Qs

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Break-even Analysis Quiz

Break-even Analysis Quiz

Assessment

Passage

English

12th Grade

Practice Problem

Hard

Created by

kainaat jabir

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29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of break-even analysis?

To determine the company's profit margin

To estimate the number of units that must be produced and sold for a project to break-even

To calculate the total revenue of a company

To assess the market share of a product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the break-even point represent?

The point where total costs are higher than total revenue

The point where total costs are lower than total revenue

The point where total costs equal total revenue

The point where a company exits the market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is revenue in business?

The debt that a company owes

The income that a company receives from its normal business activities

The total expenses of a company

The initial investment made into the company

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do profits or net income generally imply?

Total revenue plus total expenses in a given period

Total revenue minus total expenses in a given period

Total expenses minus total revenue in a given period

Total investments minus total debts in a given period

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the break-even point on a break-even chart represent?

The point where total costs exceed sales revenue

The point where fixed costs are the highest

The point where total sales equal total cost (i.e., no profit or loss is made)

The point where variable costs begin to decrease

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the difference between actual output and the break-even output?

Break-even point

Actual output

Margin of safety

Fixed cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the break-even point?

The point where total revenue exceeds total costs

The point at which total costs are covered and no profit or loss is made

The point where total costs exceed total revenue

The initial investment point

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