The Break-Even Point Is That Level of Activity Where

question 42

Multiple Choice

The break-even point is that level of activity where:

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

---

Definitions:

Monetary Damages

Financial compensation awarded in court to indemnify harm or loss suffered by an individual or entity.

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation that is designed to protect the public.

Sunday Closing Law

Laws designed to restrict or ban commercial activities on Sundays, historically rooted in religious observance and resting practices.

Public Decency

Standards of behavior considered acceptable by society, often legally enforced to maintain public order and morals.