The Break-Even Point Is

question 49

Multiple Choice

The break-even point is

• A)the volume of activity where all fixed costs are recovered.
• B)where fixed costs equal total variable costs.
• C)where total revenues equal total costs.
• D)where total costs equal total contribution margin.

---

Definitions:

Partnership

A legitimate business arrangement where two or more participants collaborate in running the enterprise and splitting the income.

Fiduciary Duties

Obligations that require a party, typically in a trustee or representative role, to act in the best interests of another party.

Undertake Business

The act of engaging in commercial or professional activities, usually with the objective of generating profit.

Jointly Profit

A situation where two or more parties share the financial gains from a business endeavor or investment.