Under the Doctrine of Strict Liability,people Are Liable for the Results

question 19

True/False

Under the doctrine of strict liability,people are liable for the results of their acts only if their intentions are malicious.

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Definitions:

Operating Segments

Components of a business for which separate financial information is available and is evaluated regularly by the entity's chief operating decision maker.

Reportable

Pertains to information or actions that need to be disclosed officially, usually due to regulatory requirements.

Reportable Segments

Parts of a business that are distinguishable by their operations, products, or services and are subject to review by the company's chief operating decision maker.

Tests Applied

Specific criteria or procedures used to evaluate or assess particular conditions, standards, or compliance in various contexts.