Which of the Following Is Not True in Regards to Strict

question 44

Multiple Choice

Which of the following is not true in regards to strict liability?

• A) It is liability without fault.
• B) It involves a risk of serious harm to people or property.
• C) It is so inherently dangerous that it cannot be safely undertaken.
• D) Plaintiffs always receive punitive damages.
• E) It is not usually performed in the immediate community.

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Definitions:

Inventory Shrinkage

The loss of products between purchase from a supplier and sale to customers, often due to theft, damage, or errors.

Multiple-Step Income Statement

An income statement that separates operating items from non-operating items and calculates net income in several steps or stages.

Trade Discount

A reduction in the list price granted by a seller to a buyer, usually based on volume purchased or to maintain a business relationship.

Selling Expenses

Costs incurred directly and indirectly from the sale of goods or services, such as advertising, shipping, and sales staff salaries.