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Which of the Following Is Not Needed to Establish the Tort

question 274

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Which of the following is not needed to establish the tort of intentional misrepresentation:


Definitions:

Decision Alternatives

Possible actions or choices available to decision-makers in a decision-making process.

Opportunity Loss

The loss of potential gain from other alternatives when one alternative is chosen.

Decision Maker's Profit

Reflects the gains realized by a decision maker after considering all costs and revenues associated with their decision.

Expected Monetary Value(EMV)

A financial concept used in decision-making to calculate the average outcome of future events, taking into account the probabilities and impacts of various possible outcomes.

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