Which of the Following Statements Is TRUE

question 56

Multiple Choice

Which of the following statements is TRUE?

• A) Liability under Rylands v Fletcher requires proof that the defendant was careless but not that he intentionally committed a wrong.
• B) Because they are actionable per se, neither the tort of deceit nor the tort of conspiracy require proof that the plaintiff actually suffered a loss.
• C) "Slander" refers to defamatory words that are written and "libel" refers to defamatory words that are spoken.
• D) A person may be liable for a tort as a result of making a harmful and false statement about the plaintiff's business, rather than about the plaintiff.
• E) The torts of intimidation and conspiracy have one thing in common: they both always require proof that the defendant committed an unlawful act in addition to committing the tort.

Interpret the role of inventory ledgers and journals in tracking inventory transactions and balances.

Apply knowledge of inventory systems and valuation methods to journalize real transactions.

Understand the principles of sterilization and the importance of using an autoclave.

Identify the correct procedures for preparing instruments for sterilization.

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Definitions:

Profit-maximizing Level

The point at which a firm achieves the highest possible profit, balancing the cost of production against revenue from sales.

Perfectly Competitive

A perfectly competitive market is an economic concept where numerous small firms compete against each other with homogenous products, and no single firm can influence the market price.

MR = MC

A condition in economics where the marginal revenue (MR) of producing one more unit of a good matches the marginal cost (MC) of producing that unit, used in determining the optimum production quantity.

Profit-maximizing Level

The point of production at which a firm achieves its highest possible profit, determined by equating marginal cost and marginal revenue.