An Asset with a Physical Value Is Called

question 39

Multiple Choice

An asset with a physical value is called

• A)Financial asset
• B)Non financial asset
• C)Fictitious asset
• D)Fixed asset

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Definitions:

Break-even Level

The point at which total costs equal total revenues, resulting in neither profit nor loss.

Variable Costs

Expenses that change in proportion to the amount of goods produced or the volume of sales.

Fixed Costs

Expenses that do not change with the level of production or sales in the short term, such as rent or salaries.

Unit Selling Price

The amount of money charged to the customer for a single unit of a product or service.