In Which of the Following Is a Defendant Held Responsible

question 3

Multiple Choice

In which of the following is a defendant held responsible for injuring another person, regardless of negligence or intent?

• A)Contributory negligence
• B)Misrepresentation
• C)Strict liability
• D)Breach of warranty

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Definitions:

Absorption Costing

Absorption costing is an accounting method that includes both variable and fixed manufacturing costs in the cost of a product.

Net Operating Income

A financial metric that calculates the profit generated from a company's operations, excluding taxes and interest.

Net Operating Income

The profit generated from a company's everyday business operations, excluding expenses from interest and taxes.

Net Operating Income

A financial metric that calculates a company's profitability by subtracting operating expenses from gross profit.