You Have Been Hired by a Law Reform Commission to Examine

question 62

Multiple Choice

You have been hired by a law reform commission to examine ways in which tort law can be used to affect behaviour.As part of that project, you have been asked to consider the level of mental culpability that the plaintiff is required to prove before the defendant can be held liable by a court.Which of the following statements is TRUE with respect to tort law as it currently exists in Canada?

• A)Strict liability allows people to engage in unusually hazardous activities, but also requires them to pay for any damage that occurs, even if they took every reasonable precaution.
• B)An intentional tort occurs only if the defendant intended to cause the plaintiff to suffer a loss.
• C)An intentional tort occurs only if the defendant intended to breach an obligation.
• D)Because of the need to discourage tortious behaviour negligence forms the smallest category of tort.
• E)The concept of strict liability always applies if a person intentionally causes another person to suffer an injury.

Recognize the impact of market substitutes and complements on monopolistic markets.

Analyze the influence of external factors, such as oil prices, on monopolistic pricing.

Evaluate the role of MBA program rankings on student choice.

Understand the basic principles of competitive advantage and its significance in business strategy.

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Definitions:

State Board of Accountancy

A regulatory body responsible for licensing and regulating certified public accountants (CPAs) and public accounting firms in its jurisdiction.

Lean Business Model

A strategic approach focused on minimizing waste and maximizing value in a business by optimizing processes, resources, and customer satisfaction.

Waste Elimination

The process of reducing, reusing, recycling, or disposing of waste materials to minimize their impact on the environment.

Customer Satisfaction

A measure of how products and services supplied by a company meet or surpass customer expectations.