Seth Was Shopping at a Local Music Store Looking for a CD,when

question 46

Multiple Choice

Seth was shopping at a local music store looking for a CD,when he suddenly remembered that he had an appointment with his math professor.He pulled his calendar out of his backpack only to discover that he was late for the appointment.Seth quickly put the calendar back into his backpack and ran out of the store.As he made his exit from the store,a security guard asked Seth to accompany him to an office at the back of the store to which Seth consented.Once there,the guard accused Seth of shoplifting.The guard quickly searched Seth and his backpack and found nothing.The guard apologized to Seth and explained that the store had recently experienced an outbreak of theft.The whole incident took less than five minutes.Under these circumstances:

• A)Seth can sue the store for false imprisonment.
• B)Seth can sue the store for false imprisonment,emotional distress,and battery.
• C)The store has conditional privilege to stop persons it feels are shoplifting as long as the owner acts in a reasonable manner and detains the suspect only for a reasonable length of time.
• D)The store has no conditional privileges to stop persons it feels are shoplifting,but it is liable for punitive damages.

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Definitions:

Fixed Manufacturing Overhead

The sum of all production costs that do not change with the level of output, including salaries, rent, and utility expenses of a manufacturing facility.

Absorption Costing

An accounting method that includes both variable and fixed manufacturing overhead costs in the cost of producing goods.

Segmented Income Statement

A segmented income statement breaks down the financial performance of different segments of a business, such as departments or product lines, to analyze each segment's profitability.

Contribution Format

A type of income statement format that separates fixed from variable costs, highlighting the contribution margin.