Isabelle Ringing Is a Reporter for WAMO-TV

question 7

True/False

Isabelle Ringing is a reporter for WAMO-TV. She does a series of reports about the dangers of dining out. Anne Nonimous is a foodie who has lots of friends in the restaurant community and shares with Ringing the secret that servers at one restaurant give their friends free food, then slip the charges on to large-party bills where multiple customers are unlikely to inspect the check. Nonimous insists Ringing protect her identity, which she agrees to do. The restaurant owner sees the story and decides to fire all the wait staff. One of the fired servers wants to compel Ringing to testify in a civil suit against the owner. There is a shield law in the state, but she will be compelled to testify.

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Definitions:

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume, remaining constant over a period of time such as rent or mortgage.

Variable Expenses

Costs that vary in proportion to the level of activity or volume of goods or services produced, such as utilities or credit card charges.

Students

Individuals who are engaged in learning, especially those who attend an educational institution.

Maximum Profit

The greatest difference between revenue and expense.