A(n) Tort Is a Civil Wrong That Involves Taking Action

question 46

Multiple Choice

A(n) tort is a civil wrong that involves taking action that is so inherently dangerous under the circumstances of its performance that no amount of due care can make it safe.

• A) intentional
• B) statutory
• C) strict liability
• D) negligent

---

Definitions:

Equity Method

A method of accounting for investments reflecting the investor's share of the earnings or losses of the investee in the investor's financial statements.

Contractual Agreement

A legally binding agreement between two or more parties that outlines the terms and conditions of an arrangement.

Financial Statements

Reports that summarize the financial performance and financial position of a company, including the balance sheet, income statement, and cash flow statement.

Intercompany Sales

Transactions of goods or services between divisions, subsidiaries, or affiliated companies within the same conglomerate.