An Employee Acting in the Course of Her Assigned Duties

question 44

True/False

An employee acting in the course of her assigned duties who causes injury to a third party is vicariously liable for damages.

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Definitions:

Value-based Management

Value-based management is a business management strategy focused on maximizing shareholder value through the alignment of company processes, resources, and initiatives toward this objective.

Economic Value

The maximum amount a consumer is willing to pay for an item minus the actual price of the item.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving risk and uncertainty.

WACC

Weighted Average Cost of Capital, representing the average rate of return a company is expected to pay its security holders.