Elka Is a Director and Flynn Is an Officer of Groundskeeping

question 29

Multiple Choice

Elka is a director and Flynn is an officer of Groundskeeping Inc. Liability for negligence in the performance of duties may extend to

• A) Elka only.
• B) Flynn only.
• C) Elka and Flynn.
• D) neither Elka nor Flynn.

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Definitions:

Normal Good

A good for which demand increases as the income of the individual or economy increases, and decreases when the income decreases.

Income Increases

Refers to the rise in the monetary earnings of individuals or entities over a period.

Sushi

A traditional Japanese dish made of vinegared rice, often accompanied by various ingredients such as seafood, vegetables, and occasionally tropical fruits.

Equilibrium

The state in a market where supply equals demand, and there is no external pressure for the market price or quantity to change.