Tom and Eric Went to Trade School at the Same

question 101

Multiple Choice

Tom and Eric went to trade school at the same time. Each graduated with an associate's degree. They have received similar performance evaluations. Eric's employer is not a good business manager, and the sales manager lost a major deal. Because of the decrease in profits, the employees did not receive raises last year. Tom's employer is a savvy business manager and the sales manager is experienced and works hard. If Tom has higher earnings than Eric, the difference is most likely a function of

• A)chance.
• B)differences in human capital.
• C)differences in signaling.
• D)discrimination.

---

Definitions:

Nominal Damages

A small amount of money awarded to a plaintiff in a lawsuit to recognize a legal wrong suffered, without substantial loss or injury being proved.

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation.

Product Liability

The area of law in which manufacturers, distributors, suppliers, and retailers are held responsible for any injuries products cause to consumers.

Defenses

Legal arguments and evidence presented by the defendant in a lawsuit or criminal case to contest and refute the claims made by the plaintiff or prosecution.