What Do Primary Liability and Vicarious Liability Have in Common

question 43

Multiple Choice

What do primary liability and vicarious liability have in common?

• A) A corporation is subject to accountability for both.
• B) A corporation cannot be assessed for either using the identification theory.
• C) Both require the directing mind to share liability from the corporation.
• D) Both are irrelevant to actual or apparent authority.

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Definitions:

Total Cost

The sum of all costs associated with the production or acquisition of goods or services, including direct and indirect costs.

Patient-Visits

A measure in healthcare services, referring to the number of times patients see a healthcare provider or visit a healthcare facility.

Direct Labor

The wages and benefits for employees who are directly involved in the production of goods or the provision of services.

Planning Budget

A budget created for a specific level of activity; it can be adjusted over time to reflect actual business conditions.