Steve Johnson Has Decided to Lease a Vehicle as Opposed

question 16

Multiple Choice

Steve Johnson has decided to lease a vehicle as opposed to purchasing it.The lease agreement calls for a monthly payment of $400.Any mile driven above 1,000 per month will cost an additional $.10 per mile.Steve's lease cost in January can be considered to be:

• A)Fixed.
• B)Variable.
• C)Mixed.
• D)Both B and C

---

Definitions:

Business Interests

Financial stakes or investments in commercial enterprises, reflecting the concerns or involvements a person or company has in the business sector.

Tort

A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Crime

An act or omission that is prohibited by law and can result in punishment upon conviction.

False Imprisonment

Refers to the unlawful restraint of a person against their will by someone without legal authority or justification.