Improvements in a Person's Financial Position Are the Result Of

question 23

Multiple Choice

Improvements in a person's financial position are the result of:

• A)increased liabilities.
• B)reductions in earnings.
• C)increased savings and investments.
• D)increased purchases on credit.
• E)lower amounts deposited in savings.

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Definitions:

Actual Cause

refers to the true reason an event occurred, often used in legal contexts to establish a direct link between an action and its effect.

Proximate Cause

A legal concept that refers to the primary cause of an injury or damage in tort law, without which the injury or damage would not have occurred.

Cause in Fact

An element in tort law that establishes a direct connection between the defendant's conduct and the harm suffered by the plaintiff.

Compensable Loss

A financial loss for which one can receive compensation, often through insurance or litigation.