MATCHING -Giving Up a Claim

question 13

Multiple Choice

MATCHING
-giving up a claim

• A)compensatory damages
• B)lump sum
• C)special damages
• D)nominal damages
• E)pro bono
• F)punitive damages
• G)structured settlement
• H)present value
• I)caps
• J)hedonic damages
• K)fair market value
• L)collateral sources
• M)mandatory offset
• N)joint and several liability
• O)satisfaction
• P)release
• Q)contribution
• R)indemnity
• S)pain and suffering damages

---

Definitions:

Production Capacity

The maximum output that a company can produce in a given period under normal conditions.

Variable Product Cost

Variable product cost includes costs that vary directly with the production volume, such as raw materials and direct labor.

Markup Percentage

The proportion added onto the purchase price of products to encompass operational costs and earnings.