Business Mathematics MCQs - Chapter 4

Linear Function Applications Quiz Questions & Answers PDF Download - 3

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Linear Function Applications Exam Questions and Answers PDF Download: Test 3

MCQ: 11

The difference between total revenue and total cost is classified as

total fixed cost
profit
total variable cost
total output cost

MCQ: 12

The product's raw material cost and labor costs are type of

total variable cost
total fixed cost
per unit cost
assembly cost

MCQ: 13

The price of a single unit is $6 USD and the quantity sold is 300 units then the revenue is

$1,800
$50
$306
$294

MCQ: 14

The flow of money in the company because of providing services or from selling products is classified as

revenue
cash flow
company cash
selling cost

MCQ: 15

The total revenue is $25,000 USD and the total cost is $15,000 USD then the profit is

$0.6 USD per unit produced
$1.67 USD per unit produced
$10,000
$40,000

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