Using Account Analysis,what Type of Cost Is the Local Phone

question 174

Multiple Choice

Using account analysis,what type of cost is the local phone service which charges a flat fee for unlimited local calls?

• A)Fixed
• B)Mixed
• C)Step
• D)Variable

---

Definitions:

Duty of Care

A legal obligation to adhere to a certain standard of reasonable care while performing acts that could foreseeably harm others.

Bailment for Mutual Benefit

A legal relationship where personal property is transferred from one party to another, with both parties receiving a benefit.

Gratuitous Bailment

A bailment relationship where the bailee agrees to hold onto the bailor's property without receiving any compensation.

Treasure Trove

A category of found property consisting of money, coins, or precious items concealed by an unknown owner with the intent for rediscovery.