The break-even point is the point at which ________
A) the total revenue and total costs lines intersect
B) demand equals supply
C) the production of one more unit will not increase profit
D) the company can pay all of its long-term debt
E) a firm's profit goal is reached
A
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Tara, a single woman, owes $200,000 on her house loan from Big Bank. She loses her job and stops making loan payments. Big Bank forecloses upon Tara’s house. Big Bank receives $100,000 from the sale of the house. In Arkansas along with most other states what may Big Bank do at this point in time?
A. Send a notice of default to other creditors B. Obtain a deficiency judgment against Tara for $100,000 C. Offer Tara the right of redemption. D. Report Tara’s default to the local prosecutor for a criminal prosecution. E. Nothing: Big Bank must “write off” the remainder of the loan.
Goal constraints can include ________ deviational variables
A) no B) some C) all D) multiple