Examlex
Explain whether each of the following is a fixed cost or a variable cost for Damian Dandridge's tattoo parlor.
a.The payment he makes to buy tattoo ink.
b.The wages he pays his employees.
c.The $500-per-month payment he makes to advertise his shop on highway billboards.
d.The lease payment he makes to the landlord who owns the building where his shop is located.
e.The payment he makes on his liability insurance policy.
Elizabeth Loftus
A cognitive psychologist known for her research on human memory, especially regarding the malleability of memories and the misinformation effect.
Estimate
The process of making an educated guess or calculation based on limited information.
Automobile Accident
A collision involving one or more vehicles, which may result in injury, death, or property damage.
Prospective Memory
The aspect of memory that involves the ability to remember to perform actions in the future, such as remembering to attend an appointment.
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