This is part- II to The Business Costs And Revenue Quiz. When running a business it is important while planning to ensure that the costs do not exceed total revenues you get. Do you think you are well informed on the balance between cost and revenues? To help ensure you are before the business exam. Take it up and see how ready you are.
The salary of the manager
The rent of the restaurant
The cost of the food supplies
The machinery used to cook the food
Rate this question:
$3,500
$35,000
$1,050
$10,500.
Rate this question:
They vary with the number of units produced.
They vary over time.
They vary with the prices charged by suppliers.
They vary with tax rates set by government.
Rate this question:
Profit is at its highest level
Variable costs equal revenue
Total costs equal revenue
Variable costs equal fixed costs.
Rate this question:
They will be able to increase output.
It will help them fix the price of the product(s).
The information would have to be published to shareholders.
Costs will tell the managers, without any other information, what the profits of the business are.
Rate this question:
The same as profit
Equal to total costs
Quantity of units produced multiplied by cost of producing each unit
Quantity of units sold multiplied by the selling price.
Rate this question:
Scatter diagram
Sales revenue forecast
A budget
Estimate of production costs.
Rate this question:
$3
$5
$2,003
$7.
Rate this question:
Supplies of components are bought at a lower average cost.
The price of the product to the consumer falls.
Expert managers can be employed to increase efficiency.
The most advanced equipment can now be purchased.
Rate this question:
15,000 units
60,000 units
20,000 units
We cannot tell from the information given.
Rate this question:
Costs fall as output increases.
Costs per unit fall as the firm expands.
Average costs rise as the firm expands.
Fixed costs fall as output increases.
Rate this question:
2,000 units
5,500 units
4,500 units
3,500 units.
Rate this question:
The profit made on each item sold
The revenue gained from selling each item
The difference between price and variable cost
The difference between price and fixed cost.
Rate this question:
$2,000
$12,000
$1,000
$29,000
Rate this question:
Quiz Review Timeline (Updated): Mar 22, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Business Finance : QUIZ
This Business Finance quiz assesses knowledge on long-term and short-term financing, the implications of changing business structures, and various financing methods. It's designed...
Questions:
10 |
Attempts:
159 |
Last updated:
Jan 27, 2023
|
Entrepreneurship Quiz- Finance And Business
The Entrepreneurship Quiz- Finance and Business assesses knowledge on financial statements, forecasting, debt capital, balance sheet assets, and business risks. It's designed for...
Questions:
9 |
Attempts:
1151 |
Last updated:
Aug 02, 2024
|
Do You Have Basic Idea Of Business Finance?
Business finance refers to money and credit utilized in the business. It's the crucial part of a business where a firm has to purchase assets, goods, raw...
Questions:
24 |
Attempts:
588 |
Last updated:
Mar 22, 2022
|
Mastering The Basics: A Limited Liability Company (LLC) Quiz
Welcome to the Limited Liability Company (LLC) Quiz! This quiz is designed to deepen your understanding of LLCs, a versatile and popular business structure. Delve into fundamental...
Questions:
10 |
Attempts:
101 |
Last updated:
Jan 29, 2024
|
Is My Boss Attracted To Me? Quiz
Embark on a journey of workplace self-discovery with our "Is My Boss Attracted to Me? Quiz." This insightful quiz is tailored to help you navigate the nuances of...
Questions:
10 |
Attempts:
708 |
Last updated:
Dec 30, 2023
|
Quiz: How Well Do You Know National Boss's Day?
Welcome to our National Boss' Day Quiz! This quiz is a fantastic opportunity to celebrate and appreciate the leaders in your workplace. National Boss' Day is the perfect...
Questions:
10 |
Attempts:
93 |
Last updated:
Sep 29, 2023
|
Wait!
Here's an interesting quiz for you.