Which of the Following Is Not a Principal Objective of Tort

question 82

Multiple Choice

Which of the following is not a principal objective of tort law?

• A) To compensate persons who sustain harm or loss resulting from another's conduct.
• B) To punish the person who committed the tort.
• C) To place the cost of compensating victims only on those parties who should bear it.
• D) To prevent future harms and losses.

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Definitions:

Net Income

The total earnings or profit of a company after subtracting all expenses, including taxes and operating expenses, from its total revenue.

Gross Profit

Revenue minus the cost of goods sold, indicating the efficiency of a company in managing its labor and supplies in producing goods.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding direct production costs, such as rent, utilities, and administrative salaries.

Perpetual Inventory System

An inventory accounting system where adjustments to inventory levels are continuously recorded on a transaction by transaction basis.