In the Absence of an Express Provision Regarding Confidence,how May

question 70

Multiple Choice

In the absence of an express provision regarding confidence,how may an obligation of confidence arise?

• A) nature of the business
• B) disclosure agreement
• C) fiduciary relationship
• D) breach of express provision

---

Definitions:

Variable Costs

Expenses that change directly in proportion to changes in business activity levels or volumes.

Contribution Margin

The sum of money left over after variable costs are subtracted, which is available to pay for fixed costs and add to profit.

Incremental Manufacturing Cost

The additional cost associated with producing one more unit of a product.

Direct Materials

Raw materials that are directly traceable and a major component of a finished product.