Which of the Following Terms Describes a Civil Wrong That

question 63

Multiple Choice

Which of the following terms describes a civil wrong that may be intentional or unintentional?

• A) complaint
• B) indictment
• C) liability
• D) tort

---

Definitions:

LIFO Inventory Valuation

Last-in, first-out method, an inventory costing method where the last items purchased are the first ones considered sold.

Phantom Profits

Profits that are recorded on the books but do not result in an actual cash benefit, often due to accounting practices or non-cash expenses.

Paper

Paper refers to a thin material composed of processed cellulose fibers derived from wood, rags, or grasses, and used for writing, printing, or packaging.

Unit Price

The cost assigned to a single unit of a product or service, which helps consumers compare prices and make purchasing decisions.