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Courts have ruled that negligently retaining a violent employee is a tort.
Inventory
The total value of a company's holdings of goods and materials that are to be sold, are in process of being produced, or are used in producing goods.
Period Costs
Costs that are not directly tied to the production process and are expensed in the period they are incurred, such as selling and administrative expenses.
General Costs
Broadly, expenses that are not directly tied to a specific product or service, often including overhead costs.
Period Costs
Expenses that are not directly tied to production activities, typically including selling, general, and administrative expenses.
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