Costs
5.4 Costs Quizs

Quiz
•
Business
•
12th Grade
•
Hard
Quizizz Content
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
are expenses that a business has to pay to engage in its trading activities.
are profits generated from sales.
are investments made in assets for future growth.
are savings accumulated over time.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue
is the income a business receives from selling its goods or services.
is the total expenses incurred by a business in a given period.
is the profit made after deducting all costs from sales.
is the amount of money a business pays to its employees.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Marginal cost
is the total cost of production for all units.
is the extra cost resulting from producing one additional unit of output.
is the fixed cost associated with production.
is the average cost of producing multiple units.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Direct costs
are fixed costs that do not change with output.
can be related to the production of a particular product and vary directly with the level of output.
are costs that are incurred regardless of production levels.
are costs that only apply to service industries.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Contribution pricing
is based on the notion that any price set lower than the variable cost of producing a product is making a payment towards fixed costs.
is based on the notion that any price set that is higher than the variable cost of producing a product is making a payment towards fixed costs.
is determined solely by the market demand for the product, regardless of production costs.
is a pricing strategy that ignores fixed costs entirely.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Average costs
the total cost of production divided by the number of units produced.
the total revenue divided by the number of units sold.
the total profit divided by the number of units produced.
the total expenses divided by the number of units sold.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Indirect costs
are costs that can be directly attributed to a specific product.
are overheads that cannot be allocated to the production of a particular product and relate to the business as a whole.
are expenses that vary with production levels.
are costs that are incurred only when producing a product.
Create a free account and access millions of resources
Similar Resources on Quizizz
17 questions
Financial Knowledge

Quiz
•
9th - 12th Grade
18 questions
Entrepreneurship Lesson 4.04 Review

Quiz
•
9th - 12th Grade
15 questions
3.3 - Revenue & Costs - 2023

Quiz
•
12th Grade
20 questions
Breakeven analysis

Quiz
•
12th Grade
11 questions
ESB Financial Formulas

Quiz
•
9th - 12th Grade
12 questions
Short-run and Long-run: Theory of Costs 2

Quiz
•
6th - 12th Grade
17 questions
Operations Management

Quiz
•
9th - 12th Grade
16 questions
Entrepreneurship I - Objective 4.04 Vocabulary Quiz

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade