John Refuses to Pay His Bill Due at a Store

question 436

Multiple Choice

John refuses to pay his bill due at a store. The store owner grabs John by the shirt, screams and him, and demands the money "or else." John is shaken but unhurt. John would most likely sue for the tort of:

• A) slander
• B) assault
• C) invasion of privacy
• D) negligence
• E) none of the other choices

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Definitions:

Period Cost

Expenses that are not directly tied to the production of goods and are instead associated with time periods, such as administrative salaries.

Variable Costing

A method of cost accounting where only variable production costs are included in product costs, with fixed overhead expenses treated as period costs.

Unit Product Cost

The total cost associated with producing a single unit of a product, calculated by dividing the total production costs by the number of units produced.

Variable Costing

A technique in management accounting that only considers variable production costs as product costs, with fixed costs treated as period costs.