Critical Thinking Questions

question 19

Multiple Choice

Critical Thinking Questions
Case 1-2
You have been chosen to upgrade the computer system for the local volunteer association. You want to purchase a system that will still be useful for several years.
You want to allow volunteers to copy files and carry them with them when they leave. What is a good choice for something that can store files, is transportable, and is small enough to fit in a pocket?

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Definitions:

Enrollment Costs

Expenses associated with signing up for or enrolling in a service, course, or institution.

Break-Even

The juncture where the sum of all revenues is equivalent to the sum of all costs, leading to neither a profit nor a loss.

Fixed Costs

Costs that do not change with the level of output or sales within a certain period of time.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in zero profit or loss.