CompuFix Services Desktop and Laptop Computers

question 37

Multiple Choice

CompuFix services desktop and laptop computers.The owner of CompuFix is concerned that computers that are left with the business to be repaired may be damaged or destroyed.To address this risk,CompuFix should purchase

• A)mobile equipment and property insurance.
• B)coverage for property held by bailees.
• C)coverage for property of dealers-a "block" policy.
• D)equipment breakdown insurance.

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Definitions:

Demand Curve

A graphical representation showing how the quantity demanded of a good or service varies with its price.

Economic Profit

The difference between the total revenue earned by a business and the total costs, including both explicit and implicit costs.

ATC

Average Total Cost, which is the total cost divided by the quantity of output produced, indicating the per-unit cost of production.

Profit-Maximizing

The strategy or approach that a firm adopts aiming to achieve the highest possible profit from its operations, considering all variables and constraints.