Which of the Following Events Would Be Considered an Extraordinary

question 54

Multiple Choice

Which of the following events would be considered an extraordinary item?

• A) An airline experienced a significant loss due to a strike by employees of the company who provide its aircraft maintenance.
• B) A food cannery was faced with a large loss of inventory of canned soups due to government condemnation because of possible botulism contamination;the company had never experienced a similar situation in its history.
• C) A company,located on an island which has experienced severe flooding three times in the past 25 years,was subjected to a heavy loss of physical plant due to flooding.
• D) A medical corporation was required to pay damages equal to three times its average net income to a patient.The corporation had experienced suits of this nature in the past,but the amount of the losses had never exceeded 5 percent of the corporation's average net income.

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Definitions:

Solicited Telemarketing Calls

Telephone calls made to individuals who have previously expressed interest or consent to be contacted for promotional reasons.

Telephone Consumer Protection Act

A U.S. law established to protect consumers from unwanted telemarketing calls, faxes, and SMS text messages through regulatory guidelines.

CAN-SPAM Act

A law enacted in the United States that sets rules for commercial email, establishes requirements for commercial messages, and gives recipients the right to have emails stopped from being sent to them.

High-Definition Televisions

Televisions that offer higher resolution and better quality images compared to standard-definition televisions.