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The breakeven point is:
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The amount of production from which the company can start to make a profit
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Asset performance
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The relationship between net profit and equity
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Companies that establish a multiple production process are those that reflect:
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The integration of the different elements of the company in multiple industrial plants
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Obtaining several differentiated products
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The transformation that doesn't require continuity
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Variable costs are:
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Those subject to variations in factor prices
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Those proportional to the quantity produced
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Those that are independent of the quantity produced
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Which of the following concepts isn't an output of the company?
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Dividends
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Products
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Job
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How are costs clasiffied according to their allocation to the product?
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Transport and storage
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Fixed and variable
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Direct and indirect
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The costs that depend on the level of production of a company are called:
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Variable costs
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Indirect costs
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Fixed costs
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The concept of business cost of raw materials is associated:
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To the incorporation of the raw materials into the production porcess
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To the purchase of raw materials
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When paying for raw materials
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What is the breakeven point?
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Production level obtained in a full working day
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Production level where income equals total costs
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Production level that allows us to achieve the minimum cost
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They are fixed costs:
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Those that equalize variable costs at breakeven point
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Those costs proportional to the quantity produced
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Those that are independent of the variation in production in a given period of time
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The productivity of a factor in a period of time is expressed as:
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The relationship between the volume of production of a product and the factor units used to produce it
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The number of units of product manufactured by a company over that period
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The relationship between the cost of manufacturing a product and its selling price
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Productivity is the relationship between:
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The production obtained and the objectives set
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The production obtained and the amount of factors used
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Profit and capital
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The costs that are independent of the production level are:
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Total costs
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Fixed costs
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Variable costs
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The breakeven point is the guide for the company to make its decisions based on a minimum quantity that it must produce:
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To get the maximum profit
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To start production
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To start making profits
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Variable costs:
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They are the ones that change with the volume of production
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They are the ones that change over time
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They are the ones that change with capital
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A company can vary its production volume in the short term:
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Selling part of the facilities
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Varying the amount of some variable factors
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Varying the size of its plant
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A patent:
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None of the other answers is correct
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It grants an exclusive right of exploitation to whoever has made a new invention capable of industrial application
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It's a characteristic of a product
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At breakeven point:
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None of the other answers is correct
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The profit is maximum for the company
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Total costs equal total revenue
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The productivity of a factor:
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It's obtained as a quotient between the production obtained and the factor units used
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It's usually obtained in monetary units
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It's measured in physical units
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The breakeven point is the amount that makes zero the ___
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Spending
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Profit
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Revenue
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The breakeven point:
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It's the minimum profitable sale price for the company
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It's the minimum size of company to obtain profits
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It's the minimum production that intesest the company
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In the business field, fixed costs ___
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Only exist in the short term since in the long term all costs are considered to be variable
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They are charged directly to the cost of the product
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They depend on the level of production
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The total variable costs are:
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Total variable costs divided by the number of units produced
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The unit variable cost multiplied by the number of units produced
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Variable costs plus fixed costs
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The terms cost and payment are equivalent:
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No, because the payment is always before the moment it's spent
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Yes, they are equivalent
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No, the payment is an outflow of money while the cost is the measure in monetary terms of an expense
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In the long run:
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There are no fixed costs
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There are fixed and variable costs
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There are direct and indirect costs
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One way of producing would be more efficient than another if:
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Produces the same thing using the same factors
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Produces the same thing using fewer factors
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Produce more using more factors