The term incremental cost refers to
a. the additional cost of producing one more unit of a product.
b. a cost that will continue even if there is no activity.
c. a cost common to all of the options and not clearly allocable to any of them.
d. the profit given up by choosing one course of action instead of another.
a
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By means of the Federal Fair Housing Law, Congress established a national policy of fair housing throughout the United States. This policy applies to which of the following:
A: Single-family residences that are individually owned and that are offered for sale through a real estate broker; B: Single-family residences owned by private individuals who own more than three such residences; C: All type family dwellings of six units where the owner occupies one of the units; D: All of the above.
Which of the following statements is true about a material breach?
A) If a breach of contract is material, the injured party is entitled only to the cost of replacement. B) Even a minor deviation from the terms of the contract is considered a material breach of contract. C) Courts generally allow a party to cure a material breach even if the contract's time period has lapsed. D) The injured party can terminate the contract if the breach of contract is material.