Assignments of Future Wages Are Not Effective Because

question 32

Multiple Choice

Assignments of future wages are not effective because:

• A) they involve personal relationships.
• B) they are contrary to public policy.
• C) they materially alter the duties of the promisor.
• D) they involve personal rights.

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Definitions:

Variable Costs

Costs that vary with the level of output produced.

Fixed Costs

Business expenses that remain constant regardless of the level of production or sales.

Variable Costs

Costs that change in proportion to the business activity or production levels, including raw materials and hourly labor.

Revenues

The total income generated by a company from its business activities before any expenses are subtracted.