What Is the Principal Guiding Factor for the Financial Manager

question 62

Essay

What is the principal guiding factor for the financial manager?

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Definitions:

Negligence-Based

Relating to a legal claim or cause of action arising from the failure to exercise the care toward others which a reasonable or prudent person would do under similar circumstances, resulting in unintended harm.

Product Liability Actions

Legal actions taken against manufacturers or sellers for damages caused by defective products.

Defenses

Legal strategies and arguments used by defendants in a lawsuit or criminal case to counteract or negate the claims made by the plaintiff or prosecution.

Bystander Theory

A legal theory suggesting a person or entity may be liable for injuries to a bystander caused by their failure to control or warn about hazards they are responsible for.