While Mrs O'Leary May Have Been Negligent in Leaving an Oil

question 14

Multiple Choice

While Mrs. O'Leary may have been negligent in leaving an oil lamp in the barn for her cow to kick over, she would not be held liable for the Great Chicago Fire of 1871 because the chain of events from the cow kicking the lantern to the destruction of the city was not:

• A) foreseeable
• B) indisputable
• C) unavoidable
• D) all of the specific choices
• E) none of the specific choices

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Definitions:

Inventory Purchases

The total cost of buying raw materials and goods for sale during a specific accounting period.

Collection Pattern

A specific sequence or method used to collect data, payments, or resources, often used in accounting or project management.

Operating Expenses

The costs associated with running a business that are not directly tied to the production of goods or services, such as selling, general, and administrative expenses.

Cash Balance

The amount of cash a company has available at any given moment, reflecting its liquidity position.