Quiz

Quiz: Total Costs in Business

AQA A-Level Business (7132)

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ElissaCreated by Elissa
9 Steps7 Questions

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Steps in this lesson (9)

1
Text

Welcome! You've already learned about fixed and variable costs, as well as revenue and profit. Today, we'll focus on total costs and how they are calculated and applied in business decisions.

2
Multiple ChoiceInteractive

What is the formula for calculating total costs?

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3
Fill in the BlankInteractive

Total costs are the sum of {{blank0}} costs and variable costs.

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4
Multi-SelectInteractive

Which of the following are examples of fixed costs? (Select all that apply)

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5
MatchingInteractive

Match the items on the left with their correct pairs on the right

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6
Multiple ChoiceInteractive

If variable costs increase, what happens to total costs?

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7
typedAnswer

Match the items on the left with their correct pairs on the right

8
Fill in the BlankInteractive

If fixed costs are £2,000 and variable costs are £5 per unit, total costs for producing 100 units would be £{{blank0}}.

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9
Multi-SelectInteractive

Which of the following can affect a business's variable costs? (Select all that apply)

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