1916671
Description
Quiz by Louise Crooks, updated more than 1 year ago
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Created by Louise Crooks
almost 10 years ago
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Question 1
Question
The fixed costs of a convenience store would NOT include
Answer
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Council tax on the store
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Payments for stocks of fruit and vegetables
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Lighting and heating costs
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Wages of the shop staff
Question 2
Question
Property items rent and rates are typically considered to be fixed costs. True or False?
Answer
- True
- False
Question 3
Question
The revenue a firm earns in a period depends on...
Answer
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Quantity sold only
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Selling price and cost
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Selling price and quantity sold
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Selling price only
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