6. Topic 6(COLON) Accounting and Finance

Lesson 6.2: Costs, Revenue, Profit And Break-even — Quiz

Test your understanding of lesson 6.2: costs, revenue, profit and break-even with 5 practice questions.

Practice Questions

Question 1

What type of cost remains constant regardless of the level of production or sales activity?

Question 2

If the total revenue is $5000 and the total cost is $3000, what is the profit?

Question 3

Which of the following best describes semi-variable costs?

Question 4

What is the contribution per unit if the selling price is $20 and the variable cost per unit is $15?

Question 5

Which term refers to the point at which total revenue equals total costs?