People from the United States Pledged $3

question 30

Multiple Choice

People from the United States pledged $3.3 billion to support the rebuilding efforts in Haiti following the 2010 earthquake there.However,after 3 years,half of the money has not been dispersed,and nearly 500,000 people still live in tents.As a result,many who have made pledges have decided not to fulfill the remainder of their pledges because of the inaction on the part of the relief fund in getting the funds dispersed,the buildings rebuilt,and the housing constructed.
-What would be their grounds for terminating the payment of their pledges?

• A)Misrepresentation
• B)Lack of performance
• C)Fraud
• D)Undue influence

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Definitions:

Labor

The use of human mental and physical efforts in the process of producing goods and offering services.

Average Total Cost

The average cost per unit of output, calculated by dividing the total production cost by the quantity of goods produced.

Fixed Cost

Expenses that do not change with the level of production or sales over a certain period, such as rent or salaries.

Output

The amount of goods or services produced by a person, machine, or industry.