Fiorella and Midwest Agri-Ship,Inc

question 27

Multiple Choice

Fiorella and Midwest Agri-Ship,Inc. ,enter into a contract for Midwest to transport a silo of corn for which Fiorella agrees to pay Midwest.Due to schedule conflicts,Midwest contacts Hybrid Crop Transport Company,to which Midwest "assigns all rights under the contract." This transfer is

• A)an assignment and a delegation.
• B)an alienation and a negotiation.
• C)an obligation and a cancelation.
• D)prohibited.

---

Definitions:

Break-even Sales

The amount of revenue required to cover total fixed and variable costs, resulting in zero profit or loss.

Variable Expenses

Costs that fluctuate with the level of output or sales, such as raw materials and sales commissions.

Fixed Expenses

Costs that remain constant over a period and are not affected by changes in business activity levels.

Variable Expenses

Costs that vary directly with the level of activity or production output, such as raw materials and direct labor.