Vicarious Liability Is Sometimes Referred to As

question 41

Multiple Choice

Vicarious liability is sometimes referred to as:

• A)assumptive liability
• B)intentional discrimination
• C)direct liability
• D)strict liability

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Definitions:

Inflation

How quickly the average cost of goods and services goes up, resulting in reduced purchasing capacity.

Real Rate

The interest rate or rate of return on an investment after adjusting for inflation, representing the actual purchasing power of earnings.

Inflation Rate

This measures the percentage increase in the price level of goods and services in an economy over a period of time.

Risk-Free Rate

The return on an investment with no risk of financial loss, typically associated with government bonds.