Identify and Briefly Describe the Law's Rationale for Holding Employers

question 37

Essay

Identify and briefly describe the law's rationale for holding employers vicariously liable for the tortuous actions of their employees?

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Norms of Business

The accepted standards and practices that guide behavior in the business world.

Government Takeover

The acquisition of control over a company or sector by the government, potentially involving nationalization or requisition of private assets.

Per-Unit Costs

The expense incurred to produce, acquire, or sell one unit of a product or service, used in calculating profitability and pricing strategies.