The Break-Even Point Is Where ________

question 42

Multiple Choice

The break-even point is where ________.

• A)total fixed costs = total variable costs
• B)credits = debits
• C)sum of assets = sum of liabilities
• D)revenues = costs
• E)income = expenditure

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Definitions:

Gross Return

The total return on an investment before any deductions are made for costs or expenses.

Managed Investment Companies

Firms that invest pooled funds from clients, taking on the responsibility of investment decisions and management for those funds.

Closed-end Funds

Investment funds that have a fixed number of shares which are not redeemable from the fund. Instead, the shares can be purchased or sold only in the market, at their current market price.

Unit Investment Trusts

An investment company offering a fixed portfolio of securities in a one-time public offering, with units redeemable on demand.