In an Effort to Increase Sales, Delta Ltd Hired Chandra

question 1

Multiple Choice

In an effort to increase sales, Delta Ltd hired Chandra, a marketing expert.Because Delta was concerned about being held responsible for any torts that Chandra might commit, it arranged to hire her as an independent contractor, rather than an employee.It has employed a form of risk management known as

• A)vicarious liability.
• B)independent responsibility.
• C)risk allowance.
• D)risk shifting.
• E)incorporation.

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Definitions:

Escalates

The process of increasing or rising in intensity, magnitude, or severity.

Family Income

The combined total income earned by all members of a family, contributing to the household's total wealth.

Inflationary Condition

An economic situation characterized by an increase in prices and a decrease in the purchasing value of money.

Gross Income

The total income earned by an individual or organization before any deductions, such as taxes or expenses, are applied.