What Is One of the Public Policy Justifications for Absolute

question 10

Multiple Choice

What is one of the public policy justifications for absolute liability?

• A) People who intend to injure others should be held accountable for their actions.
• B) People engaged in certain dangerous activities should bear the risk of liability.
• C) People engaged in careless activities should bear the risk of liability.
• D) None of these choices.

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Definitions:

Minimize Losses

A strategy or approach aimed at reducing the amount of losses incurred in a business or investment.

Highly Differentiated

Refers to products, services, or markets where there is significant variation in features, quality, or branding, making each distinct from others.

Marginal Revenue

The extra income a company gains by selling an additional unit of a product or service.

Average Revenue

The revenue a company receives per unit of sales, calculated by dividing total revenue by the number of units sold.