Jill Owns a Retail Business by Herself and Was Sued

question 37

Multiple Choice

Jill owns a retail business by herself and was sued by a customer who fell in the store.The customer claimed the business was negligent in caring for its floors.Which statement best describes Jill's potential liability?

• A)Jill has no potential liability to the customer.
• B)Jill can be held personally liable to the customer since she is the owner.
• C)Jill can only be liable up to the amount she initially invested in the business.
• D)Jill cannot be held personally responsible;the woman's insurance must pay for the claim.

Learn the sequential order of budget preparation and its components like sales budget, merchandise purchases budget, and cash budget.

Understand the components and structure of a manufacturing budget.

Calculate and analyze cash budgets including required borrowings.

Understand the collection patterns of cash from sales and how they influence cash budgets.

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Definitions:

Muscle Fiber

An individual muscle cell, essential for producing force and movement through contraction.

Muscle Cell

A cell specialized for contraction, facilitating movement and support in the body, also known as a myocyte.

Sarcomere

The basic unit of a muscle's cross-striated myofibril and the site of muscle contraction.

Myofilaments

The filaments of myofibrils, constructed from proteins, primarily actin, and myosin, which are essential for muscle contraction.