The unit sales volume at which a business earns zero profit is called:Group of answer choicescontribution margin per unittotal costszero-profit pointbreak-even point

The sales level at which total sales equal total costs, resulting in zero income, is called:Multiple ChoiceBreak-even point.Relevant range.Step-wise variable level.Contribution margin.Margin of safety.

Net sales revenue minus variable costs equals the:Group of answer choicesmargin of safetyrelevant rangecontribution marginbreakeven point

A firm's total revenue minus its explicit cost is called itsGroup of answer choiceseconomic profit.abnormal profit.accounting profit.normal profit.

Profit has often been defined by specialists as the difference between a company’s revenue and                                .Group of answer choicesexpensesinvestmentsassetsprice margins

The break-even point in a cost-volume-profit graph is always found:Multiple Choiceat 50% of full capacity.at the sales volume resulting in the lowest average unit cost.at the volume at which total revenue equals total variable costs.at the volume at which total revenue equals total fixed costs plus total variable costs.