The Following Are All Commonly Used Business Structures Except A

question 46

Multiple Choice

The following are all commonly used business structures except a:

• A) C Corporation
• B) S Corporation
• C) Investment Club
• D) Limited Liability Company LLC)
• E) None of the above

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Definitions:

Break-even Point

The financial point at which total costs equal total revenue, meaning that the business is neither making a profit nor a loss.

Cost-volume-profit Analysis

An accounting technique used to determine how changes in costs and volume affect a company's operating income and net income.

Sales Mix

The relative distribution of sales among the various products available for sale.

Fixed and Variable Costs

Costs that remain constant regardless of the level of production or business activity (fixed) and costs that vary in direct proportion to changes in activity (variable).