Sonia Opened a Yoga Studio Where She Teaches Classes and Sells

question 117

Multiple Choice

Sonia opened a yoga studio where she teaches classes and sells yoga clothing. Fixed costs for Sonia's yoga studio include the cost of the
(i) tank tops.
(ii) wages paid to the other yoga instructors.
(iii) lease on the studio space.
(iv) insurance that the landlord requires Sonia to carry for the studio.

• A)(i) only
• B)(i) and (ii) only
• C)(iii) and (iv) only
• D)(i), (ii), (iii), and (iv)

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Definitions:

Office Park

A collection of office buildings situated on a large plot of land, typically offering a range of facilities and services for the businesses operating within.

Rights Vested

Refers to rights that are securely granted to an individual or entity, and cannot be revoked or amended without consent.

Modify or Rescind

To change, alter, or revoke an agreement or contract either partially or completely.

Incidental Beneficiary

A third party who unintentionally benefits from a contract but has no legal right to enforce the contract terms.