Case-Based Critical Thinking Questions Case 3-1 Dan Is a Small

question 98

Multiple Choice

Case-Based Critical Thinking Questions Case 3-1 Dan is a small business owner who depends on his computer to keep track of customer and sales data. He is investigating storage options because it is critical for him to ensure that his data is safe in the event of a computer failure. A friend of Dan suggests to him that he can use an external hard drive for his data storage and backup needs. To use an external hard drive, Dan should make sure that his computer has an available USB or ____ port.

• A) ScanDisk
• B) zip
• C) flash
• D) Thunderbolt

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Definitions:

Breakeven Point

The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and the business or investment is not making a profit but also not losing money.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent and salaries.

Variable Cost

Costs that change in proportion to the level of goods or services that a business produces.

Breakeven Volume

The quantity of products sold or services rendered at which total revenues equal total costs, resulting in no net loss or gain.