Transfer of Rights Is Referred to as A(n)

question 35

Multiple Choice

Transfer of rights is referred to as a(n) :

• A)assignment.
• B)novation.
• C)delegation.
• D)third-party contract.

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Definitions:

Fixed Costs

Costs that do not change with the level of output or sales, such as rent or salaries.

Profit-Maximizing

The operational method a firm adopts to calculate the pricing and output that bring in the highest profit.

Average Total Costs

The total cost of production divided by the quantity of output produced, illustrating the cost per unit of output.

Total Fixed Costs

The total of all expenses that do not change with the amount of production or output.