The Break-Even Point ________

question 46

Multiple Choice

The break-even point ________.

• A)occurs where a company's total revenue equals its total expenses
• B)is the point at which a company neither earns a profit nor incurs a loss
• C)tells a business owner the minimum level of activity needed to keep her company in operation
• D)All of the above

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Definitions:

Favorable Outcome

An outcome included in an event.

Cold Fusion

A hypothetical type of nuclear reaction that would occur at, or near, room temperature, compared to the high temperatures required for traditional nuclear fusion.

Probability

A measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossibility) and 1 (certainty).