Business Studies Multiple Choice Question – 1 August 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Which ONE of the following is a definition of the term “break-even level of output”?

Select ONE answer only:

  1. The level of output at which total profits = total costs
  2. The level of output at which total fixed costs = total revenue
  3. The level of output at which total variable costs = total fixed costs
  4. The level of output at which total fixed costs = total profits
  5. The level of output at which total revenue = total costs

Explain ONE reason why a business owner might want to reduce the variable cost per unit.

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This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 2 – The others are not characteristics of an entrepreneur especially 4 which is not a requirement to be an entrepreneur to have academic qualifications but might be useful as is 5.

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