On a Profit-Volume Graph, the Intersection of the Profit Line

question 35

Multiple Choice

On a profit-volume graph, the intersection of the profit line with the vertical axis provides a

• A)profit of £1,000.
• B)profit equal to zero.
• C)profit equal to fixed costs.
• D)loss equal to fixed costs.

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Definitions:

Serial Entrepreneurship

The practice of starting new businesses one after another, often moving from one interest or opportunity to another.

Glass Ceiling

An invisible barrier that prevents certain individuals, often women and minorities, from advancing to higher positions or levels, despite their qualifications.

Economic Independence

The state of having sufficient personal wealth to live, without needing to depend on income from some form of employment.

Access Capital

The ability of a business or individual to obtain funds or resources needed for investment purposes.