A Contract Drafted by a Dominant Party and Then Presented

question 37

Essay

A contract drafted by a dominant party and then presented to the other party-the adhering party-
on a "take it or leave it" basis is called a(n) __________________ contract.​

---

Definitions:

Break-Even Point

The point at which total revenue equals total costs, resulting in neither profit nor loss.

Variable Costs

Costs that change in proportion with the level of activity or production volume of a company.

Contribution Rate

The contribution margin expressed as a percentage of the unit selling price.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent or salaries.