HCM 416 CHAPTER 5 QUIZ EXAM AND ANSWERS
VERIFIED GRADED A++
Fixed Costs
Cost that are independent of volume.
Variable Costs
Costs that are dependent on volume.
Semi-fixed
Costs that partially depend on volume.
Long-Run
All costs are variable in the long run. Even fixed costs are not finite.
Cost-volume profit (CVP) analysis is also called...
a) Profit Analysis
b) Total Margin
c) Fixed Costs
d) Break-even analysis
a) Profit Analysis
The Contribution Margin is defined as the difference between Per Visit (Unit)
Revenue and...
a) Variable Cost Rate
b) Profit Margin
VERIFIED GRADED A++
Fixed Costs
Cost that are independent of volume.
Variable Costs
Costs that are dependent on volume.
Semi-fixed
Costs that partially depend on volume.
Long-Run
All costs are variable in the long run. Even fixed costs are not finite.
Cost-volume profit (CVP) analysis is also called...
a) Profit Analysis
b) Total Margin
c) Fixed Costs
d) Break-even analysis
a) Profit Analysis
The Contribution Margin is defined as the difference between Per Visit (Unit)
Revenue and...
a) Variable Cost Rate
b) Profit Margin
