Within the relevant range, which of the following costs remains the same irrespective of the changes in production?
A) total mixed costs
B) total operating costs
C) total variable costs
D) total fixed costs
D) total fixed costs
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When a firm communicates the value proposition of its products to customers, the value message only includes the benefits of the product.
Answer the following statement true (T) or false (F)
Which of the following questions does NOTlead a respondent?
a. What level of health care, if any, should the Federal government guarantee for people who cannot afford to buy private insurance? b. What level of health care should the Federal government provide for people who can-not afford to buy private insurance? c. Should parents who cannot afford to buy health insurance be banned from seeking emergency room care for their children? d. Should the Federal government provide a health care program for parents of young children who cannot afford to buy private insurance?
A donee beneficiary
a. is not entitled to enforce a contract against either party. b. usually does not give consideration in return for the gift. c. will generally become a creditor beneficiary after his or her rights vest. d. is an incidental beneficiary.
In the Schauer v. Mandarin Gems of California, Inc case, the court held:
a. the plaintiff was entitled to proceed with her contract claim against the jeweler because the jeweler must have understood that she was an intended beneficiary of the sales contract. b. both of the contracting parties must intend to benefit the third party to create a right to sue in the third party. c. a specific manifestation by the promisor of an intent to benefit the third person is required to create a third party beneficiary contract. d. the plaintiff was a donee beneficiary and, as such, she had no right to sue.