Application of Skills Direction

question 15

Multiple Choice

Application of Skills Direction:
Apply the knowledge you have gained from Chapter 17 to select the best answer for the following questions.
All of the following are common nouns except

• A) emotion.
• B) leader.
• C) computer.
• D) Microsoft.

---

Definitions:

Liability

Liability refers to the legal responsibility for one's actions or failings, which can result in the obligation to compensate for harm caused or to fulfill a contractual agreement.

Self-Dealing

Any instance in which directors or officers make decisions that violate their corporate duty of loyalty.

Penalty

A punishment imposed for breaking a law, rule, or contract which often involves paying a fine or undergoing some form of restraint.

Implied Powers

Powers not explicitly stated but are considered necessary for fulfilling the expressly granted powers of an authority or government body.