Which Type of Liability Applies When Engaging in Activities That

question 46

Multiple Choice

Which type of liability applies when engaging in activities that have an inherently dangerous nature?

• A) Misrepresentation liability
• B) General liability
• C) Strict liability
• D) Special liability
• E) Vicarious liability

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Definitions:

Major Corporation

A large and significant company, often leading or highly influential in its industry or sector.

Operating Assets

Assets used in the day-to-day operations of a business to generate revenue, including cash, inventory, and property, plant, and equipment.

Required Rate Of Return

The minimum percentage return an investor expects to achieve from an investment.

Operating Income

Revenue from business operations after operating expenses and before interest and taxes.