The change in variable costs that occurs when production is increased by one unit is referred to as the:

Fixed costs:    A.  change as a small quantity of output produced changes. B.  are constant over the short-run regardless of the quantity of output produced. C.  are defined as the change in total costs when one more unit of output is produced. D.  are subtracted from sales to compute the contribution margin. E.  can be ignored in scenario analysis since they are constant over the life of a project. Refer to section 11.3

7.	The change in revenue that occurs when one more unit of output is sold is referred to as:    A.  marginal revenue. B.  average revenue. C.  total revenue. D.  erosion. E.  scenario revenue. Refer to section 11.3

8.	The change in variable costs that occurs when production is increased by one unit is referred to as the:    A.  marginal cost. B.  average cost. C.  total cost. D.  scenario cost. E.  net cost. Refer to section 11.3

9.	By definition, which one of the following must equal zero at the accounting break-even point?    A.  net present value B.  internal rate of return C.  contribution margin D.  net income E.  operating cash flow Refer to section 11.3

10.	By definition, which one of the following must equal zero at the cash break-even point?    A.  net present value B.  internal rate of return C.  contribution margin D.  net income E.  operating cash flow Refer to section 11.4