The Principle of _______ Translates to Mean "Part of the Action

question 9

Multiple Choice

The principle of _______ translates to mean "part of the action."

• A) implied contract
• B) res gestae
• C) expressed contract
• D) doctrine of respondeat superior

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Definitions:

Future Payments

Obligations that are due to be paid at a future date.

Liabilities

Debts or obligations that arise during the course of business operations, which must eventually be paid off or settled.

Contingent Liabilities

Potential liabilities that may occur depending on the outcome of a future event.

Times Interest Earned

A financial metric assessing a company's capacity to fulfill its debt responsibilities using its present earnings.