A Business Can Become Involved in Tort Action in All

question 313

Multiple Choice

A business can become involved in tort action in all of the following ways EXCEPT:

• A) a person I harmed by the actions of a business
• B) a person is harmed by the actions of a business's employees
• C) a person is harmed by a product manufactured or distributed by a business
• D) a business is harmed by the wrongful actions of another business or person
• E) an employee commits a felony unrelated to his place of employment

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Definitions:

Depreciation Schedule

A document that outlines the reduction in value of an asset over time and how it is allocated as an expense across accounting periods for tax and accounting purposes.

After-Tax Hurdle Rate

The minimum acceptable rate of return on an investment after accounting for taxes, used in capital budgeting to evaluate projects.

Non-Value-Added Activities

Processes or tasks that do not add value or contribute to the customer's requirements or the product's market worth.

Quantify

To measure or express something as a quantity or in numerical terms.