Which of the Following Must Be Present in Order for a Business

question 39

Multiple Choice

Which of the following must be present in order for a business to successfully rely on the defence of voluntary assumption of risk?

• A)the exact nature of the risk must be clear to the customer
• B)the activity being engaged in by the customer must not be high risk
• C)the customer must have paid adequate consideration for participating in the activity
• D)the risk must be one which other customers have been willing to assume
• E)All of the above

Explore the distinction between rule consequentialism and act consequentialism.

Understand the importance of empirical investigation in ethical decision making according to utilarians.

Discuss the concept of supererogatory actions within the utilitarian framework.

Understand the fundamental principles and distinctions between Act and Rule Utilitarianism.

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Definitions:

Written Statement

A document that records the details of a declaration or an agreement in writing.

Bank Payment

is a transaction where money is transferred from one bank account to another to fulfill a financial obligation.

Specified Conditions

Explicitly defined terms or requirements that must be met within a contract, agreement, or situation.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping organizations manage their cash flow and ensure they have enough cash to cover their obligations.