Under the Doctrine of ______, a Corporation Is ______ to Third

question 44

Multiple Choice

Under the doctrine of ______, a corporation is ______ to third persons for the tortious acts of its officers, employees, and agents to the same extent that a natural person is liable for the acts of agents and employees.

• A) respondeat superior, not civilly liable
• B) business judgment, criminally liable
• C) business judgment rule, civilly liable
• D) respondeat superior, civilly liable

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Definitions:

Developed Countries

Nations with high levels of industrialization, a high standard of living, and developed infrastructure.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving increased mechanization.

Per Capita GDP

A measure of the economic output of a nation per individual, calculated by dividing the country's gross domestic product by its total population.

Developed Countries

Nations with advanced economies, high standards of living, and well-established infrastructure and government systems.