Break-Even Is the Number of Units at Which

question 131

Multiple Choice

Break-even is the number of units at which:

• A) total revenue equals price times quantity.
• B) total revenue equals total variable cost.
• C) total revenue equals total fixed cost.
• D) total profit equals total cost.
• E) total revenue equals total cost.

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Definitions:

Oral Contract

A verbal agreement between parties that is legally binding, though more difficult to enforce than written contracts due to the lack of physical evidence.

Voidable

A transaction or agreement that is legally valid but may be annulled or voided at the discretion of one of the parties involved.

Executory

Describing a contract or deed yet to be fully executed or performed, often depending on certain conditions being met.

Voluntary Agreement

A mutual consent or contract between parties, typically concerning legal obligations and enforcements.