Negligence Is

question 203

Multiple Choice

Negligence is:

• A) an act that results in harm to another to whom the person owes a duty of care
• B) an omission that results in harm to another to whom the person owes a duty of care
• C) a willful omission of material information that leads to injury
• D) choices a and b
• E) choices a, b and c

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Definitions:

Noncontrollable Costs

Costs incurred indirectly and allocated to a responsibility center that are not controllable at that level.

ROI

Return on Investment; a performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Operating Assets

Assets that are used for the day-to-day functioning of a business and can include cash, inventory, and buildings.

Direct Fixed Costs

Costs that are constant for a certain level of production or period but are directly tied to the production process.