Suppose an Amusement Park Has Carelessly Forgotten to Properly Adjust

question 104

Essay

Suppose an amusement park has carelessly forgotten to properly adjust a seat strap before starting a first ride of the day. If the seat strap fails and a patron is injured, that facility or owner will probably be found _____ . If the facility instead uses a worn-out strap, knowing the equipment could fail at any time, that facility or owner will likely be found to have committed acts of ___________ if the equipment breaks and injures the rider.

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Definitions:

General Partner

An owner of a partnership who has unlimited liability and is responsible for the management of the partnership.

Liability For Firm Debts

Obligations a company must meet, including all debts and financial responsibilities.

Agency Cost

Costs that arise from conflicts of interest between managers and shareholders within a company.

Executive Overseas

A managerial position held within a company's operations located in a foreign country.