Which of the Following Acts Resulting in Injury Would Be

question 2

Multiple Choice

Which of the following acts resulting in injury would be negligence per se?

• A) Janet driving 40 mph over the posted speed limit.
• B) Ted keeping explosives in his private, locked garage without complying with state law regulating the storage of such materials.
• C) A retailer selling glue containing benzene to a 14-year-old boy in violation of state law.
• D) All the above acts are negligence per se.

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Definitions:

Capital Investment

Funds invested in a firm or enterprise for the purpose of furthering its business objectives, including purchasing assets or stocks.

Short-Run

A timeframe in which a company cannot alter at least one of its resources.

Economic Profit

The difference between the total revenue earned by a firm and the total cost of inputs, including both explicit and implicit costs.

Implicit Costs

The opportunity costs of utilizing resources owned by the firm that could have been employed for other purposes.