The break-even point is the point at which costs and rewards are equal for a certain level of expected performance.

Question

Quizplus · Accepted Answer

The break-even point is the point at which the total costs of a business, including fixed and variable costs, are equal to its total revenue. At this point, the business is neither making a profit nor incurring a loss. Therefore, the statement "The break-even point is the point at which costs and rewards are equal for a certain level of expected performance" is true.

The Break-Even Point Is the Point at Which Costs and Rewards