Sunday, 17 May 2015

Cima C03 Exam Question No 7

Question No 7:

A trader’s weekly costs, TC, are less than or equal to $100. Weekly revenue, R, is a minimum of $120.
Which ONE of the following statements is true?

A.
TC < $100 and R > $120 and R > TC
B.
TC ≥ $100 and R ≤ $120 and TC > R
C.
TC ≤ $100 and R > $120 and R < TC
D.
TC ≤ $100 and R ≥ $120 and R > TC

Answer: D

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