16789026
Description
Quiz by sara colaj, updated more than 1 year ago
|
|
Created by sara colaj
almost 6 years ago
|
|
Question 1
Question
Income earned by a business over a period of time.https://www.goconqr.com/assets/icons/trash-ellipse.png
Answer
-
Revenue
-
Profit
-
Items
-
Cashflow
Question 2
Question
Were do businesses earn most of there income from?
Answer
-
Selling products to customers.
-
Paying employees.
Question 3
Question
What is the calculation for revenue (formula)
Answer
-
Revenue= Quantity x Price.
-
Revenue=Fixed cost x Variable cost.
-
Revenue= Quantity / Price.
-
Revenue= Fixed cost / Variable cost.
Question 4
Question
Variable costs are costs that will increase as the firm expands.
Answer
-
True
-
False
Question 5
Question
Variable costs are costs that will decrease as the firm expands.
Answer
-
True
-
False
Question 6
Question
Fixed costs are only fixed over a _____________________ - an expanding firm's fixed costs will go up.
Answer
-
Short period of time.
-
Long period of time.
Want to create your own Quizzes for free with GoConqr? Learn more.