All of the Following Have Contributed to the Increasing Costs

question 25

Multiple Choice

All of the following have contributed to the increasing costs corporate liability risks, except:

• A) higher tax rates
• B) the passage of acts protecting the environment
• C) more litigious consumers
• D) decreased use of contributory negligence

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Definitions:

Owner's Investment

The total amount of money or assets that an owner puts into his or her business.

Equipment

Physical assets used in the operation of a business to produce goods or services.

Monthly Rent

Regular payment made for the use of property or land, agreed upon on a monthly basis.

Utilities Expense

Utilities expense refers to the cost incurred by businesses or individuals for the usage of basic utilities such as electricity, water, gas, and telecommunication services.