What Are the Three Main Categories of Damages

question 24

Multiple Choice

What are the three main categories of damages?

• A)compensatory, exemplary, and punitive
• B)compensatory, economic, and punitive
• C)actual, presumed, and assumed
• D)compensatory, nominal, and punitive

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Definitions:

Manufacturing Costs

The total expenses involved in the process of producing goods, including raw materials, labor, and overhead costs.

Financing

The process of providing or obtaining the funds necessary for investment, expansion, or operations.

Repayments

Amounts of money paid back to lenders or creditors in partial or full settlement of a loan or debt.

Cash Collections

The process of gathering all cash payments received from customers as a result of sales or other transactions.