The Break-Even Point Is That Level of Activity Where

question 77

Multiple Choice

The break-even point is that level 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.

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Definitions:

Co-signs

Agrees to be equally responsible for the repayment of a loan or obligation, typically to help another person obtain credit.

Primarily Liable

The main or foremost obligation or responsibility to fulfill a debt or legal duty.

Student Loan

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses.

Administrative Assistant

A person who provides support and assists in the efficient operation of an office or organization through various tasks and coordination.