Fines Disproportionately Affect _______

question 44

Multiple Choice

Fines disproportionately affect _______.

• A) the indigent
• B) women
• C) African-Americans
• D) white collar criminals

Calculate economic and accounting profits given business operational data.

Analyze the components of total costs and their impact on profits.

Determine the effect of opportunity costs on the profitability of a business.

Evaluate the condition of a firm based on its profit/loss status.

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Definitions:

Liability

A legal responsibility or obligation to compensate someone else for harm or damage that has been caused.

Janitor

A person responsible for cleaning, maintaining, and often securing buildings such as schools, office buildings, and residential complexes.

Exculpatory Clauses

Provisions in a contract that relieve one party from liability for wrongdoing, typically found in agreements for participation in potentially hazardous activities.

Intentional Misrepresentations

False statements or lies made knowingly, with the intention to deceive or mislead another party, which can serve as grounds for legal action if they result in harm.