Principals Cannot Avoid Liability for ________ Activities That They Assign

question 136

Multiple Choice

Principals cannot avoid liability for ________ activities that they assign to independent contractors.

• A) any
• B) professional
• C) non-professional
• D) inherently dangerous
• E) express

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Definitions:

Discount

A reduction applied to the usual cost of goods or services, or in finance, an amount deducted from the face value of a bill of exchange or loan.

Par

The nominal or face value of a bond, stock, or coupon as indicated on a certificate or instrument.

Stockholders' Equity

The ownership stake of shareholders in a corporation's assets, remaining after all liabilities have been subtracted.

Paid-in Capital

Funds raised by a company through the issuance of shares to investors, exceeding the par value of the shares.