Chad Collins
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ENT 1 2.10 Objective Quiz

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Chad Collins
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ENT 1 2.10 Objective Quiz

Question 1 of 3

1

Variable expenses increase in direct proportion to the rate of which factor?

Select one of the following:

  • Competition

  • Production

  • Automation

  • Motivation

Explanation

Question 2 of 3

1

The costs of operating a business are often called which expenses?

Select one of the following:

  • Fixed

  • Overhead

  • Variable

  • Markdown

Explanation

Question 3 of 3

1

In order for a business to generate a profit, its operating costs must be identified as which status to the gross margin?

Select one of the following:

  • Equal to

  • Greater than

  • Less than

  • Identical to

Explanation

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