Post Utme Caleb University 2022 Commerce Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2022 Commerce Objective / Multiple Choice
Question 7 POST_UTME_CALEB_UNIVERSITY • 2022 • COMMERCE • objective

A firm's break-even point is the point at which its total revenue equals its total fixed and variable costs. Which of the following is a correct formula for calculating the break-even point?

Answer Options

Correct Answer A. Break-even point = Total Revenue / (Fixed Costs + Variable Costs)
B. Break-even point = (Fixed Costs + Variable Costs) / Total Revenue
C. Break-even point = Total Revenue - (Fixed Costs + Variable Costs)
D. Break-even point = (Fixed Costs - Variable Costs) / Total Revenue
Correct Answer
A
Correct Option:
Break-even point = Total Revenue / (Fixed Costs + Variable Costs)

About This Question

This is Post Utme Caleb University 2022 Commerce Question 7. It is one of the objective questions from the 2022 Post Utme Caleb University Commerce examination.

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