Finance – Revenue, costs, profit, break-even
Business studies
high_school
10 questions
~20 mins
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A comprehensive Business Studies worksheet on Finance – Revenue, costs, profit, break-even for high school students. Includes a variety of question types including multiple choice, short answer, and true/false questions.
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Finance – Revenue, costs, profit, break-even
Subject: Business studiesGrade: high_school
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Finance – Revenue, costs, profit, break-even
Business Studies
Instructions: Read each question carefully and answer to the best of your ability. For multiple choice questions, circle the correct answer. For short answer questions, write your answer in the space provided. True/False questions require you to indicate whether the statement is true or false.
A
Multiple Choice Questions
Select the correct answer for each question.
1.
What is revenue?
AA) The total income generated by the sale of goods or services
BB) The total costs incurred by a business
CC) The profit made after all expenses
DD) The cash flow from investments
2.
Which of the following is classified as a variable cost?
AA) Rent
BB) Salaries
CC) Raw materials
DD) Insurance
3.
If a company has total revenue of $500,000 and total costs of $300,000, what is its profit?
AA) $200,000
BB) $300,000
CC) $500,000
DD) $800,000
4.
What does break-even point refer to?
AA) The point at which total revenue equals total costs
BB) The point at which profit is maximized
CC) The point at which expenses are minimized
DD) The point at which all debts are paid
5.
Which financial statement shows a company's revenues and expenses over a specific period?
AA) Balance Sheet
BB) Statement of Cash Flows
CC) Income Statement
DD) Retained Earnings Statement
6.
What is cash flow?
AA) The movement of money in and out of a business
BB) The total sales made by a business
CC) The total profit earned
DD) The total debts owed
7.
If a business wants to know how many units it needs to sell to break even, which formula should it use?
AA) Fixed Costs / (Selling Price - Variable Costs)
BB) Total Revenue / Total Costs
CC) Variable Costs / Selling Price
DD) Profit / Revenue
8.
A company has fixed costs of $50,000, sells its product for $25, and incurs variable costs of $10 per product. What is the break-even point in units?
AA) 2,000 units
BB) 5,000 units
CC) 1,500 units
DD) 4,000 units
9.
Which of the following is not a component of working capital?
AA) Inventory
BB) Cash
CC) Long-term investments
DD) Accounts receivable
10.
What is the primary purpose of financial decision-making?
AA) To maximize revenue
BB) To minimize costs
CC) To ensure the business remains solvent
DD) To enhance shareholder value
B
True/False Questions
Circle True or False for each statement.
1.
True or False: All costs in a business can be classified as either fixed or variable.
2.
True or False: Break-even analysis can help managers make decisions about pricing and budgeting.
3.
True or False: Profit is the total income minus only variable costs.
C
Short Answer Questions
Answer each question in the space provided.
1.
Define fixed costs and give two examples.
2.
What is the difference between gross profit and net profit?
3.
Explain why cash flow is critical for a business.
4.
Calculate the profit if a company has a revenue of $1,200,000 and total costs of $800,000.
5.
What is the formula for calculating the break-even point?
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- Created
- 4/14/2025
- Updated
- 12/29/2025
- Type
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