The Reasonable Amount That a Person Deserves to Be Paid

question 19

Multiple Choice

The reasonable amount that a person deserves to be paid for goods and services provided to the person requesting them is called

• A)gratuitous promise.
• B)quantum meruit.
• C)damages.
• D)covenant.
• E)promissory amount.

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Definitions:

Sensitivity Analysis

A financial modeling tool used to evaluate how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

NPV

Net Present Value, a method used in capital budgeting to evaluate the profitability of an investment or project.

IRR

Internal Rate of Return, a financial metric used to estimate the profitability of potential investments.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent or salaries.