Cassie Works as a Salesperson at Lumber Needs

question 40

Multiple Choice

Cassie works as a salesperson at Lumber Needs.While demonstrating to a customer how to use a power saw,she accidentally cuts the customer on the arm,requiring a visit to the hospital and several stitches.Which of the following is true of the scenario?

• A) Lumber Needs is not vicariously liable because it was an accident.
• B) Lumber Needs is vicariously liable because Cassie was not acting within the course of employment.
• C) Lumber Needs is not vicariously liable because Cassie was not acting within the course of employment.
• D) Lumber Needs is vicariously liable because Cassie was acting within the course of employment.

Recognize how advertising appeals to different levels of Maslow's hierarchy of needs.

Distinguish between physiological, safety, social, esteem, and self-actualization needs in the Maslow hierarchy.

Identify consumer behavior concepts such as personality traits, self-concept, and selective perception.

Understand the implications of personality traits and self-concepts on purchasing behavior.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, often expressed as a periodic payment of interest on debt.

Unlevered Cost

The cost of funding a project or investment without taking into account the effects of leverage, reflecting the cost of equity.

Pre-Tax Cost

The cost of an investment or expense before the deduction of taxes, often used to compare the fiscal efficiency of different financial decisions.

Cost of Equity

The return that investors expect for providing capital to a company, often calculated using models like the Capital Asset Pricing Model (CAPM).