Final answer:
The statement not true of the break-even point is d. it represents the number of units required to be produced to meet the annual profit goal. The break-even point concerns reaching a state where a firm's total revenues equal its total costs, resulting in zero profits.
Step-by-step explanation:
Among the options provided, the statement that is not true of the break-even point is d. it represents the number of units required to be produced to meet the annual profit goal. The break-even point is a concept in economics and business that represents the level of output where a firm's revenues exactly cover its total costs, hence the firm earns zero profits. This means:
- a. it represents the point where a firm's profits are equal to zero.
- b. it represents the point where a firm's revenue is equal to total costs.
- c. it represents the number of units required to cover both variable and fixed costs.
- e. it represents the point where the sales revenue equals the total costs of a product.
Option d is not correct because the break-even point does not concern itself with profit goals but rather with the point at which the company is not making a loss nor a profit.