Which of the Following Can Be Characterized as an Exculpatory

question 22

Multiple Choice

Which of the following can be characterized as an exculpatory clause?

• A)Contractor is not liable for damage caused by its employees.
• B)Buyer agrees to pay $5,000 for a used cell phone.
• C)Creditor charges 45% interest on a loan.
• D)All of these are correct.

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Definitions:

Beginning Total Assets

The total value of all assets owned by a company at the start of a financial period.

Ending Total Assets

Ending Total Assets refer to the total value of all assets owned by a company at the end of a financial reporting period.

Return on Total Assets

Return on total assets (ROTA) is a financial metric that measures a company's profitability in relation to its total assets, indicating how efficiently a company uses its assets to generate profit.

Controlling Influence

The power to direct the financial and operating policies of another entity so as to obtain benefits from its activities.