Punitive Damages

question 18

Multiple Choice

Punitive damages:

• A)are a small amount of compensation given to the plaintiff.
• B)are like actual damages but do not seek to deter the defendant.
• C)are damages far less than the plaintiff's injuries,awarded to punish the plaintiff.
• D)are damages in excess of the plaintiff's injuries,awarded to punish the defendant.

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Definitions:

Activity Cost Pool

A “bucket” in which costs are accumulated that relate to a single activity measure in an activity-based costing system.

Measure Of Activity

A metric used to gauge the level of a specific operation or process over a given time period.

Activity Rate

A rate used to allocate indirect costs to products or services, based on a specific activity or driver.

Product Design

The process of creating, defining, and managing the specifications of a physical product or its system to solve a particular problem.