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Dr. Zalewski expects her students to be on time for class, holds them for the entire class period, and has firm deadlines set for reports and other assignments. Sociologically, which statement best describes Dr. Zalewski's approach to teaching?
Actual Fraud
Deliberate deception by one party to secure unfair or unlawful gain, or to deprive another party of a legal right.
Ultramares Rule
A legal principle that limits the liability of accountants for negligence to parties with whom they are in direct contractual relationship unless fraud is involved.
Duty of Care
A legal obligation requiring individuals and entities to exercise a reasonable standard of care to avoid causing harm to others.
Positive Net Worth
The financial status where total assets exceed total liabilities.
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