The Fact That a Tort or Crime Is Committed by an Employee

question 10

True/False

The fact that a tort or crime is committed by an employee imposes vicarious liability on an employer.

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Definitions:

Goods Sold

The total number of products or services that a company sells during a specific period.

Cash Balance

The amount of cash held by a company at a given point in time.

Minimum Cash Balance

The lowest amount of cash that a company aims to hold in its bank accounts at any time to meet routine operational expenses.

Cash Receipts

Money received by a business, including payments from customers, cash sales, and other sources of income.