Holly Has Been Out Partying Most of the Evening

question 21

Multiple Choice

Holly has been out partying most of the evening.She has been drinking heavily.She recognizes that she should not attempt to drive home.Instead,she calls a taxicab.When the taxi arrives Holly tells the driver an address that is actually two blocks from her apartment.Upon arrival at the address,the taxi driver tells Holly,"That will be $12.50." Instead of paying the driver,Holly jumps from the cab and runs away.Holly has committed:

• A)no offense as her failure to pay for the taxicab ride is simply a civil breach of contract.
• B)theft of service.
• C)unauthorized use of a vehicle.
• D)consumer fraud.

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Definitions:

Degree of Operating Leverage

A financial ratio that measures the sensitivity of a company's operating income to its sales, indicating the potential for higher returns or risks.

Sales Decrease

A reduction in the quantity or value of items sold by a business within a particular period.

Financial Break-Even

Financial break-even is the point at which total revenues exactly cover total costs, leaving the business with neither profit nor loss, focusing on financial stability.

Initial Investment

The amount of money used to start a project, purchase an asset, or invest in a financial instrument, marking the beginning of the investment’s lifecycle.