Which of the Following Is a Distinguishing Characteristic of the Legislated

question 39

Multiple Choice

Which of the following is a distinguishing characteristic of the legislated ability of innkeepers to post liability limits in their establishments?

• A) It gives shared control over guest's property through their occupation of their rooms.
• B) Standard form contracts are a common feature used by innkeepers to transfer risk of liability.
• C) It is lost due to innkeeper's negligent or deliberate act or deposit of the property for safekeeping.
• D) Gives an innkeeper a common law lien against the guest's property in its possession.

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Definitions:

Economies Of Scale

The cost advantage achieved by producing goods in large quantities, hence reducing the cost per unit.

Quality Of Products

Refers to the degree to which a product or service meets or exceeds customer expectations in terms of durability, reliability, and performance.

Production Costs

The expenses directly associated with the manufacturing of goods or services, including materials, labor, and overhead.

Economies Of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production expands.