A "Bench Trial" Is One in Which the Decision Is

question 53

True/False

A "bench trial" is one in which the decision is made without a jury.

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Definitions:

Contribution Format

A method of income statement presentation that stresses the contribution margin, which is sales revenue minus variable costs.

Income Statement

A financial statement that shows a company’s revenues and expenses over a specific period, resulting in net profit or loss.

Net Operating Income

The total profit a company makes from its operations, excluding taxes and interest.

Fixed Monthly Expenses

Recurring expenses that do not vary in amount each month, such as rent or mortgage payments.