In an Action in Negligence, in Deciding Whether a Breach

question 37

Multiple Choice

In an action in negligence, in deciding whether a breach of duty caused a particular harm, the judge must be satisfied:

• A)that there was no contributory negligence by the plaintiff.
• B)that there was factual causation and that the scope of liability extends to the particular harm.
• C)that the plaintiff did not voluntarily assume the risk.
• D)that the harm suffered was not insignificant.

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Definitions:

Inventory-related Selling Costs

These are expenses directly tied to the selling of inventory items, such as shipping and handling fees.

Inventory Inspection Costs

Expenses associated with verifying the quantity and quality of inventory on hand.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, often equated to the book value of the company.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the sum of beginning inventory plus purchases minus cost of goods sold.