Which of the Following Characterizes the Traditional Rule Regarding a Minor

question 42

Multiple Choice

Which of the following characterizes the traditional rule regarding a minor who misrepresents his/her age?

• A)He/she can be prosecuted for such an offense.
• B)An adult can file a tort of deceit against such a minor.
• C)An adult can seek compensation for any losses caused by such a minor.
• D)A minor's right to disaffirm is valid in such a case.

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Definitions:

Manufacturing Overhead Rate

The ratio used to allocate manufacturing overhead costs to products based on a cost driver, such as labor hours or machine hours.

Machine Hour

A unit of measure representing the operation of a machine for one hour, used in allocating manufacturing costs based on machine usage.

Plantwide Overhead Rate

A single rate used to allocate manufacturing overhead costs to all units produced, regardless of the product line.

Cost Driver

A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate costs.