When Revenue Is Insufficient to Cover Cost,the Firm

question 69

Multiple Choice

When revenue is insufficient to cover cost,the firm

• A) will always shut down.
• B) will always stay open.
• C) gains a profit.
• D) breaks even.
• E) suffers a loss.

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Definitions:

Physiological Needs

The basic physical requirements for human survival, such as air, water, food, shelter, and sleep, which are the foundation of Maslow's hierarchy of needs.

Basic To Survival

Fundamental needs or activities that are essential for an entity's continued existence and prosperity.

Safety Needs

Second level in Maslow's hierarchy of needs, regarding an individual's requirement for security, protection, and stability in their environment.

Health Insurance Policy

A contract that requires an insurer to pay some or all of a person’s healthcare costs in exchange for a premium.