Business Administration Bachelor's Degree

Linear Function Applications Quiz e-Book PDF | Business Mathematics App Download

Business Mathematics Cerification Guide: Practice Test 3 (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

  1. total fixed cost
  2. profit
  3. total variable cost
  4. total output cost
MCQ: 12

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

  1. total variable cost
  2. total fixed cost
  3. per unit cost
  4. 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. $1,800
  2. $50
  3. $306
  4. $294
MCQ: 14

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

  1. revenue
  2. cash flow
  3. company cash
  4. selling cost
MCQ: 15

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

  1. $0.6 USD per unit produced
  2. $1.67 USD per unit produced
  3. $10,000
  4. $40,000

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