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For an effective bailment, the bailor must deliver title and possession of the bailed property.
Worker
An individual who performs tasks or services for compensation; an employee.
Variable Cost
Costs that change in proportion to the activity or volume of output in production, such as raw materials and direct labor costs.
Fixed Cost
Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance.
Marginal Cost
The amount of money spent to manufacture one additional unit of a product or service.
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