Negligent Misrepresentation Is Sometimes Called

question 18

Multiple Choice

Negligent misrepresentation is sometimes called:

• A)negligent referral
• B)negligent retention
• C)negligent supervision
• D)none of the above

---

Definitions:

IFRS Guidelines

The set of international accounting standards and principles that guide how financial statements should be prepared and disclosed.

Impairment Loss

A reduction in the recoverable amount of a fixed asset or goodwill below its carrying amount recorded on the balance sheet.

Input Market

The marketplace where resources or raw materials that a company uses to produce its products are bought and sold.

Long-lived Assets

Assets that are expected to provide economic benefits over a period of time longer than one fiscal year.