On a Profit-Volume Graph, the Intersection of the Profit Line

question 35

Multiple Choice

On a profit-volume graph, the intersection of the profit line with the vertical axis provides a

• A)profit of £1,000.
• B)profit equal to zero.
• C)profit equal to fixed costs.
• D)loss equal to fixed costs.

---

Definitions:

Disclosing Reasons

The act of providing explanations or justifications for a decision or action, often in a formal or official context.

Administrative Laws

Administrative laws are the body of law that governs the activities of administrative agencies of government, covering areas such as rulemaking, adjudication, or enforcement of a specific regulatory agenda.

Broad Policy Statements

General guidelines that outline an organization's objectives and the principles it will follow to achieve those objectives.

Compliance

The act of adhering to laws, regulations, standards, or guidelines set forth by governing bodies or industry organizations.