Quantitative Analysis for Management, 13/e

Self-Test

• Before taking the self-test, refer back to the learning objectives at the beginning of the module and the glossary at the end of the module.

• Use the key at the back of the book to correct your answers.

• Restudy pages that correspond to any questions that you answered incorrectly or material you feel uncertain about.

1. Another name for break-even analysis is

   1. normal analysis.

   2. variable-cost analysis.

   3. cost-volume analysis.

   4. standard analysis.

   5. probability analysis.

2. The break-even point is the quantity at which

   1. total variable cost equals total fixed cost.

   2. total revenue equals total variable cost.

   3. total revenue equals total fixed cost.

   4. total revenue equals total cost.

3. If demand is greater than the break-even point,

   1. profit will equal ...