Exhibit 7-7
-Total Cost Is Calculated as
A) FC $\times$

question 217

Multiple Choice

Exhibit 7-7
-Total cost is calculated as

• A) FC + MC
• B) FC / MC
• C) (VC + F
• C) / MC
• D) VC + FC
• E) VC \(\times\) output

---

Definitions:

Party

An individual or entity involved in a legal agreement or dispute.

Ordinary Bailment

A legal relationship where physical possession of personal property is transferred from one person to another, but ownership is not.

Bailee

A person or entity to whom goods are entrusted for a specified purpose by the bailor.

Bailed Property

Items temporarily entrusted to another person under a bailment agreement, where the recipient (bailee) is obligated to return them or manage them in a particular way.