An Unlawful Act or Misconduct Is ____

question 5

Multiple Choice

An unlawful act or misconduct is ____.

• A) nonfeasance
• B) misfeasance
• C) malfeasance
• D) res ipsa loquitur
• E) respondeat superior

---

Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Total Revenue

The total amount of money generated by a company from its business activities, primarily through the sale of goods and services, before any expenses are deducted.

Seasonal Inventory

Stock that is held in anticipation of seasonal peaks in demand, ensuring that a business can meet customer needs during specific times of the year.

Cycle Inventory

Cycle inventory refers to the quantity of goods a company holds to meet average demand during a specific period, part of the inventory management to balance supply and demand.