Which of the Following Is NOT an Example of Digital

question 14

Multiple Choice

Which of the following is NOT an example of digital media?

• A) A podcast played on a smartphone
• B) A video chat played on a laptop
• C) An animated game played on a game console
• D) A song played on an electric guitar

Explain the legal implications of contracts made under mistake or incorrect assumptions.

Distinguish between lawful and unlawful threats in the context of contract inducement.

Understand the concepts of fraud and misrepresentation in contract law, including their types and effects on contracts.

Identify the elements required to prove fraud in contract law.

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Definitions:

Fixed Expenses

These are costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance.

Margin of Safety

The difference between actual sales and sales at the breakeven point, indicating how much sales can decline before a loss occurs.

Variable Expenses

Costs that change in proportion to the activity or volume of a business operation.

Contribution Margin

The difference between sales revenue and variable costs; used to cover fixed costs and generate profit.