Briefly Describe the Two Standards to Which the Burden of Proof

question 37

Essay

Briefly describe the two standards to which the burden of proof is subject to in civil cases.

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Definitions:

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of production or output in a business.

Variable Costs

Costs that change in proportion to the good or service that a business produces.

Fixed Costs

Expenses that do not change with the amount of goods or services produced by a business.

Sunk Costs

Sunk costs refer to expenses that have already been incurred and cannot be recovered, and therefore should not affect future business decisions.