​ a Person Who Does Not Have Valid Title Has

question 14

Multiple Choice

​ A person who does not have valid title has a(n) __________ title.

• A)Void
• B)Voidable
• C)Implied
• D)Express

---

Definitions:

Variable Expenses

Costs that fluctuate with the level of output or sales, such as raw materials and sales commissions.

Fixed Expenses

Costs that remain constant over a period and are not affected by changes in business activity levels.

Variable Expenses

Costs that vary directly with the level of activity or production output, such as raw materials and direct labor.

Break-even Point

The point at which total costs and total revenues are equal, meaning there is no profit or loss.