Which of the Following Can Be the Basis for an Accountant's

question 50

Multiple Choice

Which of the following can be the basis for an accountant's liability under state law?

• A) Contract law and negligence,but not criminal law
• B) Tort law,contract law,and criminal law
• C) Negligence,criminal law,and strict liability
• D) Intentional torts and negligence,but not contract law

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Definitions:

Inventory Turnover

A measure of how often a company's inventory is sold and replaced over a certain period, indicating efficiency in managing stock.

Discount Stores

General merchandise outlets that offer brand-name and private-label products at low prices.

Self-Service

A business model or technology that allows customers to perform services for themselves without the need for direct assistance from staff.

Fast Fashion

The rapid translation of high-fashion design trends by lower-cost manufacturer-retailers.