Match the Following Five Terms to Their Meanings

Multiple Choice

Match the following five terms to their meanings:
i.income
II.expenses
III.fixed expenses
IV.variable expenses
v.break-even point

A) For a business,typically classified as fixed or variable.
B) For a business,this typically consists of sales for products and services.
C) Expenses that remain the same regardless of amount of activity.
D) When income equals expenses.
E) Expenses that vary depending on amount of sales.