Agency agreements that will last up to six months must be in writing according to the statute of frauds

An insurable interest is created when an insurer has ownership of the item being insured

Indicate whether the statement is true or false

A non-profit organization is planning a raffle to raise money. It has two options for tickets. The first option is to do the tickets by hand, with fixed costs of $50 and variable costs of $.05 per ticket. The second option is to outsource production

This would result in fixed costs of $500 and variable costs of $.01. If the organization plans to sell 10,000 tickets which option should it choose?