Examlex
The variable cost per unit is constant and does not depend on how many units are produced.
Agency Relationship
A fiduciary relationship in which one party (the agent) agrees to act on behalf of another party (the principal).
Ratify
To formally approve or confirm, often used in the context of treaties, agreements, or legislation.
Commission
A fee paid to an agent or employee for completing a task or making a sale, which is often a percentage of the sale's total value.
Legal Consequences
are the outcomes that follow from the application of the law, such as penalties for breaking the law or the results of legal judgments.
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