If Your University or College Presents Its Expenses Using the Terms

question 70

Multiple Choice

If your university or college presents its expenses using the terms academic, administration, and student services, the university is presenting their expenses

• A) by nature.
• B) by function.
• C) alphabetically.
• D) arbitrarily.

---

Definitions:

Liability

A legal obligation or responsibility for any debts or damages incurred.

Participate

To take part or become involved in a particular activity, event, or situation.

Partnership Business

A business owned and operated by two or more individuals who share its profits and liabilities.

Duty Of Care

The duty of all persons, as established by tort law, to exercise a reasonable amount of care in their dealings with others. Failure to exercise due care, which is normally determined by the “reasonable person standard,” constitutes the tort of negligence.