The Break-Even Point Is the Volume of Activity Where

question 7

Multiple Choice

The break-even point is the volume of activity where:

• A)total revenue equals total cost.
• B)variable cost equals fixed cost.
• C)total contribution margin equals the sum of variable cost plus fixed cost.
• D)sales revenue equals total variable cost.
• E)profit is greater than zero.

---

Definitions:

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another.

Values

Core beliefs or standards that guide behavior and decision-making.

Customs

Traditional and widely accepted ways of behaving or doing something that are specific to a particular society, place, or time.

Roles

The functions or parts played by individuals in a particular social context or system.