With Regard to Torts, New Zealand Differs from the United

question 109

Multiple Choice

With regard to torts, New Zealand differs from the United States in that:

• A) events classified as torts in the United States do not occur in New Zealand
• B) tort cases result in much higher payments to New Zealand victims than to US victims
• C) tort cases occur in New Zealand, but result in much lower compensation payments
• D) New Zealanders do not bring tort cases because of their history as a British colony
• E) none of the other choices

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Definitions:

Intellectual Capital

The valuable skills and knowledge that employees of a business possess.

Process Innovation

The implementation of new or significantly improved production or delivery methods in a business.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, leading to greater sales or margins and/or retaining more customers.

Keeping Customers

involves strategies and practices to retain customers, enhancing customer loyalty and preventing turnover.