The Test for Duty of Care Is Based on Which

question 27

Multiple Choice

The test for duty of care is based on which of the following elements:

• A)policy considerations.
• B)vulnerability and reliance.
• C)foreseeability of harm.
• D)all of the above.

---

Definitions:

Service Business

A type of business that provides intangible products or services to its customers rather than selling physical goods.

Factory Overhead Rate

A calculation used in manufacturing to allocate indirect costs, such as utilities and rent, to individual units of production.

Processing Departments

Divisions or areas within a factory where specific stages of production are completed, often part of a cost accounting system to track expenses and efficiency.

Job Order Costing

An accounting methodology used to allocate costs to specific jobs or batches, allowing for detailed cost tracking of particular projects.