The Point at Which the Number of Units Sold Generates

question 98

Multiple Choice

The point at which the number of units sold generates enough revenue to equal the total costs of running an operation is known as the

• A) contribution per unit.
• B) fixed cost margin.
• C) break-even point.
• D) unit cost.
• E) marginal revenue.

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Definitions:

Medicare

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger people with disabilities.

Federal Income Tax

A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Federal Depository Bank

A financial institution where the government keeps its money and manages its financial transactions.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at banks and thrifts in the event of bank failures.