Employers Are Expected to Take All Reasonable Measures to Prevent

question 86

Multiple Choice

Employers are expected to take all reasonable measures to prevent injuries or accidents in their specific workplaces. Which of the following terms is associated with the steps they take ?

• A)duty of care
• B)general duty
• C)due diligence
• D)strict liability

Appreciate the impact of flotation costs on dividend decisions.

Understand the clientele effect and its influence on dividend policy.

Recognize the restrictions imposed by bond indentures on dividend policies.

Understand the considerations for preferring high or low dividend payouts based on various contexts.

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Definitions:

Social Loafing

The situation where persons demonstrate lower effort levels in pursuit of a goal as part of a group than they do when working individually.

Risky-Shift Effect

A phenomenon where a group collectively decides on a course of action that is riskier than the decisions that individual group members would make on their own.

Informational Influence

Informational Influence occurs when individuals conform to the behaviors or attitudes of a group to obtain and accept accurate information or because they believe the group is competent.

Groupthink

A phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.