Description

The point at which total revenue equals total cost and profit is zero.
Fixed expenses that cannot be traced to individual segments or products. They will continue to exist even if one segment or product is eliminated.
The difference between total sales and total variable costs on a total basis, or price minus unit variable cost on a per-unit basis. Total contribution margin is the amount left over from sales to contribute to covering fixed costs and profit.
The company's relative mix of fixed to variable costs. It is useful in determining operating leverage.
Shows the degree to which fixed costs are used to obtain a higher percent change in profits as sales change. It is equal to the total contribution margin divided by operating income.
Fixed costs that are directly traceable to a given segment and, consequently, disappear if the segment is eliminated.
Occurs when fixed costs are used to obtain higher change in profits as sales change.
The relative combination of products sold by a company. It is usually expressed in the lowest whole units. For example, a sales mix of 3:2 means that for every 3 units of Product A sold, 2 units of Product B are sold.
The ratio of total variable cost to sales or of unit variable cost to price. Variable cost ratio is also computed as 1 (100%) minus the contribution margin ratio. It represents the percentage of each sales dollar used to cover variable cost.
A “what-if” technique used to see what impact a change in an underlying variable has on the answer.
Estimates how changes in costs (both variable and fixed), sales volume, and price affect profit.

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Chapter 6

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Economic Terms

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running a venture

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Z Period Holidaze!

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Frequently Asked Questions

What is a crossword?

Crossword puzzles have been published in newspapers and other publications since 1873. They consist of a grid of squares where the player aims to write words both horizontally and vertically.

Next to the crossword will be a series of questions or clues, which relate to the various rows or lines of boxes in the crossword. The player reads the question or clue, and tries to find a word that answers the question in the same amount of letters as there are boxes in the related crossword row or line.

Some of the words will share letters, so will need to match up with each other. The words can vary in length and complexity, as can the clues.

Who is a crossword suitable for?

The fantastic thing about crosswords is, they are completely flexible for whatever age or reading level you need. You can use many words to create a complex crossword for adults, or just a couple of words for younger children.

Crosswords can use any word you like, big or small, so there are literally countless combinations that you can create for templates. It is easy to customise the template to the age or learning level of your students.

How do I create a crossword template?

For the easiest crossword templates, WordMint is the way to go!

Pre-made templates

For a quick and easy pre-made template, simply search through WordMint’s existing 500,000+ templates. With so many to choose from, you’re bound to find the right one for you!

Create your own from scratch

  • Log in to your account (it’s free to join!)
  • Head to ‘My Puzzles’
  • Click ‘Create New Puzzle’ and select ‘Crossword’
  • Select your layout, enter your title and your chosen clues and answers
  • That’s it! The template builder will create your crossword template for you and you can save it to your account, export as a word document or pdf and print!

How do I choose the clues for my crossword?

Once you’ve picked a theme, choose clues that match your students current difficulty level. For younger children, this may be as simple as a question of “What color is the sky?” with an answer of “blue”.

Are crosswords good for students?

Crosswords are a great exercise for students' problem solving and cognitive abilities. Not only do they need to solve a clue and think of the correct answer, but they also have to consider all of the other words in the crossword to make sure the words fit together.

Crosswords are great for building and using vocabulary.

If this is your first time using a crossword with your students, you could create a crossword FAQ template for them to give them the basic instructions.

Can I print my crossword template?

All of our templates can be exported into Microsoft Word to easily print, or you can save your work as a PDF to print for the entire class. Your puzzles get saved into your account for easy access and printing in the future, so you don’t need to worry about saving them at work or at home!

Can I create crosswords in other languages?

Crosswords are a fantastic resource for students learning a foreign language as they test their reading, comprehension and writing all at the same time. When learning a new language, this type of test using multiple different skills is great to solidify students' learning.

We have full support for crossword templates in languages such as Spanish, French and Japanese with diacritics including over 100,000 images, so you can create an entire crossword in your target language including all of the titles, and clues.