Proximate Cause

question 11

Multiple Choice

Proximate cause:

• A)is the same as causation.
• B)need not be proved in every negligence case.
• C)was established in the Palsgraf case.
• D)is no longer an element of negligence.

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Definitions:

Mutually Exclusive

Mutually exclusive describes a scenario where the occurrence of one event makes the occurrence of another impossible.

Unequal Lives

Refers to comparing projects or assets with different durations or expected lifetimes to make investment or capital budgeting decisions.

Equivalent Annual Annuity

A method used in capital budgeting to compare the profitability of investments with different lifespan by converting them into an equivalent annuity.

Net Present Value

The calculation that compares the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account.