A Firm's "Break-Even Point" Is That Point Where

question 87

Multiple Choice

A firm's "break-even point" is that point where:

• A) maximum profit is earned.
• B) total variable cost just equals total revenue.
• C) total profit just equals total cost.
• D) total cost just equals total revenue.
• E) None of these alternatives is correct.

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Definitions:

Article 3 Negotiability

The section of the Uniform Commercial Code that governs the negotiation and enforcement of negotiable instruments, such as checks or promissory notes.

Payable

Referring to money that is owed by one party to another and should be paid according to terms specified in a contract or agreement.

Definite Time

A specific and set period or moment that is clearly defined or determined.

Negotiable Instruments

Financial documents, such as checks or promissory notes, that guarantee the payment of a specific amount of money either on demand or at a set time.