Coffee Shop Business Quiz
Authored by Marc Hoy
Business
10th Grade
Used 3+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a variable cost for a coffee shop?
Buildings insurance
Interest on a start-up loan
Milk
Newspaper advertising
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A break-even graph for a new product is shown below. Which letter on the diagram above shows the break-even point for the product?
A
B
C
D
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A break-even graph is shown below. What does Line X represent on the break-even graph?
Fixed costs
Sales revenue
Total costs
Variable costs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If total revenue is equal to total cost, a business will:
Break even
Increase prices
Make a loss
Make a profit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed cost for a shoe retailer?
Carrier bags
Ink cartridges for the cash till
Insurance for the shop premises
Shoe boxes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner of Hair by Hari Ltd forecasts that it will cut the hair of 60 customers during its first month of opening. The average price for a haircut will be £45.
How much sales revenue will be made during the first month of trading?
£270
£2700
£2900
£27000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
'Salaries' are an example of:
Fixed costs
Profit
Sales revenue
Variable costs
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