The Application of Which of the Following Is Most Likely

question 54

Multiple Choice

The application of which of the following is most likely to be created by the liability arising from agency principles with respect to employees and independent contractors?

• A) the doctrine of vicarious liability
• B) the common law principle of agency
• C) the common law neighbour principle
• D) the doctrine of primary liability

---

Definitions:

Servicing Debt

The process of paying interest and principal on borrowed funds, typically on a regular basis.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Publicly Held

Refers to a company owned by public investors through publicly traded shares, as opposed to being privately owned.

Public Sector

The part of the economy that is controlled by the government including various services and industries such as healthcare, education, and transportation.