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CIPS Exam L3M3 Topic 2 Question 32 Discussion

Actual exam question for CIPS's L3M3 exam
Question #: 32
Topic #: 2
[All L3M3 Questions]

What do we call the point when the supply firm makes neither a profit nor a loss ie where all costs are covered yet no profit is made?

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Suggested Answer: B

Breakeven point. The firm breaks even: covers all of its fixed costs. At this point the firm has made neither a profit nor a loss, and hopefully is about to enter profitability.


by Joanna at Mar 19, 2025, 07:56 AM

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Billye
5 months ago
This question is a piece of cake! The breakeven point is clearly the correct answer. I could do this in my sleep.
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Edwin
4 months ago
Exactly! It's the point where the supply firm neither makes a profit nor a loss.
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Nakisha
4 months ago
A) Breakeven point
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Winifred
4 months ago
Definitely! The breakeven point is when costs are covered but no profit is made.
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Dorethea
4 months ago
A) Breakeven point
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Kerry
5 months ago
Tipping point? I guess that's when the supply firm decides to just pack it up and call it a day. Not quite what we're looking for here.
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Lashaunda
5 months ago
I agree with Meaghan, A) Breakeven point makes sense.
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Keith
5 months ago
Point of no return? That sounds a bit dramatic. I think the breakeven point is the right answer.
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Cristina
4 months ago
Exactly, it's a crucial point for businesses to know when they will start making a profit.
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Rachael
4 months ago
Yeah, it's not as dramatic as the point of no return. It's just a balance between costs and revenue.
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Junita
4 months ago
I agree, the breakeven point is when all costs are covered but no profit is made.
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Meaghan
5 months ago
I think it's A) Breakeven point because that's when costs are covered.
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Lindy
5 months ago
Trig point? What is this, a geometry exam? I'm pretty sure that's not the correct answer here.
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Jerrod
5 months ago
A) Breakeven point
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Cordell
5 months ago
The breakeven point is where the supply firm covers all its costs, but doesn't make any profit. Simple enough, right?
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Billye
5 months ago
B) Trig point
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Colene
5 months ago
That's correct. The breakeven point is where costs are covered but no profit is made.
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Stephaine
5 months ago
A) Breakeven point
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