The Legal Responsibility for the Financial Cost of Another Person's

question 123

Multiple Choice

The legal responsibility for the financial cost of another person's losses or injuries is referred to as:

• A)theft.
• B)robbery.
• C)liability.
• D)assigned risk.
• E)collusion.

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Definitions:

Joint Ventures

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Global Market

The international trading system comprising of buyers and sellers from different countries, facilitating the exchange of goods, services, and capital across borders.

Buying

The act of obtaining goods or services in exchange for money, or the procurement process in businesses.

Alibaba Group

A Chinese multinational conglomerate specializing in e-commerce, retail, internet, and technology.