Res Ipsa Loquitur Means That

question 9

Multiple Choice

Res ipsa loquitur means that

• A) the facts as told by the defendant are false.
• B) the facts as told by the plaintiff are false.
• C) the facts cannot be established and so the case must be dismissed.
• D) the plaintiff must prove the case beyond a reasonable doubt.
• E) the facts speak for themselves.

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Definitions:

Mixed Cost

Expenses that have both fixed and variable components, changing with the level of activity but not directly proportional.

Variable Costs

are expenses that change in proportion to the activity of a business, such as the cost of raw materials used in production.

Differential Costs

The difference in total cost that will result from selecting one alternative over another.

Fixed Costs

Fixed costs include payments like rent, salaries, and insurance that are unaffected by variations in production or sales volumes.