When Determining a Cost Structure for a Business Model, Equipment

question 55

Multiple Choice

When determining a cost structure for a business model, equipment lease payments would be an example of a _____ cost.

• A) fixed
• B) variable
• C) semi-variable
• D) static

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Definitions:

Invitees

Individuals who are invited onto a property for the benefit of the property owner, often in a business context, and are owed a high duty of care.

Reasonable Care

Reasonable care refers to the legal obligation to avoid acts or omissions that could foreseeably harm others, demonstrating the care a reasonable person would exercise under similar circumstances.

Dangerous Conditions

Circumstances or factors that pose a risk of injury to people or damage to property.

Tort Reformer

An advocate or part of a movement aimed at changing the laws governing civil wrongs to reduce litigation or limit damages.