Privilege Is Best Defined by Which of the Following

question 4

Multiple Choice

Privilege is best defined by which of the following?

• A) Right the tortfeasor has to commit torts
• B) Legal justification to engage in otherwise tortious conduct to achieve a socially compelling goal
• C) Authority of governmental officials to commit torts against the public for the common good
• D) Legal justification of members of the public to engage in torts to protect themselves from the government

---

Definitions:

Amortization

The gradual reduction of a debt or the cost of an intangible asset over a specific period of time, typically through regular payments.

Bond Discount

The amount by which the market price of a bond is lower than its principal amount or face value.

Indirect Method

A method used in cash flow statement preparation that adjusts net income for items that affected reported net income but didn't affect cash.

Operating Activities

Activities directly related to the production, sale, and delivery of a company's goods or services, reflecting its core business operations.