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Res Ipsa Loquitur Can Be Used Only When There Is

question 5

True/False

Res ipsa loquitur can be used only when there is direct or specific evidence of negligence (unreasonableness).


Definitions:

Net Profit

The total earnings after all expenses and taxes have been subtracted from revenue.

Overhead Expenses

costs related to the day-to-day running of a business but not directly tied to producing goods or services.

Selling Price

The amount of money for which a seller offers a product or service to the buyer.

Rate of Profit

A measurement, usually expressed as a percentage, reflecting the profitability of an investment or business compared to the initial cost.

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