Match the Most Appropriate Term to the Definition

question 23

Multiple Choice

Match the most appropriate term to the definition.
-The building of a company that manufactures highly toxic chemicals is struck by lightning and the fumes escape into a nearby community.Resulting lawsuits use this theory

• A)respondeat superior
• B)comparative negligence
• C)strict liability
• D)workers' compensation
• E)res ipsa loquitur
• F)libel
• G)negligence
• H)slander
• I)last clear chance
• J)defamation
• K)assumption of risk
• L)assault
• M)contributory negligence
• N)battery
• O)gross negligence
• P)intentional tort
• Q)standard of care
• R)zone of danger
• S)ultrahazardous activity
• T)transferred intent

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Definitions:

Consolidated Income Tax Return

A singular income tax return filed by an affiliated group of corporations that combines their tax liabilities into one return, possibly resulting in tax benefits.

Advantages

Benefits or desirables attributes that contribute to the superiority of a product, service, or entity.

Ownership Structure

The arrangement or framework that details the distribution of ownership and the specifics of shareholders' rights in a corporation.

Deferred Income Tax Asset

An accounting term that refers to a situation where a business has paid more taxes to the government than it currently owes due to differences in accounting practices.