Professionals Who Fail to Exercise Normal Care and Skill in the Performance

question 13

Multiple Choice

Professionals who fail to exercise normal care and skill in the performance of a contract for their services may be sued for a special type of breach described as:

• A) sub par performance.
• B) illegal practice.
• C) malpractice.
• D) competence reservation.

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Definitions:

Utility Cost

The expense incurred for using utilities such as electricity, water, and natural gas in a business operation.

Total Cost

The sum of all costs associated with the production and delivery of a company's products or services, including both fixed and variable costs.

Manufacture Units

The process of converting raw materials into finished goods on a large scale, measured by units produced.

Least-squares Regression

A statistical method used to determine the line of best fit by minimizing the square of the differences between observed values and values predicted by a linear function.