Refer to Scenario 7

question 145

Multiple Choice

Refer to Scenario 7.4 below to answer the question(s) that follow.
SCENARIO 7.4: You own and are the only employee of a company that sells custom embroidered pet sweaters.
Last year your total revenue was $120,000. Your costs for equipment, rent, and supplies were $30,000.
To start this business you invested an amount of your own capital that could pay you a $50,000 a year return.
-Refer to Scenario 7.4. Your accounting profit last year was

• A) $20,000.
• B) $40,000.
• C) $70,000.
• D) $90,000.

Grasp the concept of damages and their role in tort law.

Understand the nuances of assault and battery within tort law.

Recognize the requirements for negligence and strict liability torts.

Understand the legal implications of actions in tort law.

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Definitions:

Slip

The difference between the synchronous speed of an induction motor's magnetic field and the actual speed of the rotor, expressed as a percentage.

Voltage

The electrical potential difference or force that causes current to flow in a circuit.

Magnetic Flux

Magnetic flux refers to the measure of the quantity of magnetism, considering the strength and the extent of a magnetic field.

Pole Polarity

Refers to the magnetic polarity (north or south) of the poles in a magnetic field, crucial in the functioning of electric motors and generators.