Which of the Following Is True in Case an Employee

question 40

Multiple Choice

Which of the following is true in case an employee carries a respondeat superior insurance?

• A) The employer can sue the employee for reimbursements.
• B) The employee will be held liable for the employer's torts, while working with the employer.
• C) The insurer who has paid the respondeat superior claim will sue the employee who caused the claim.
• D) The employee is entitled to receive respondeat superior claims from the employer.
• E) An employer will be held liable for an employee's tortious acts whether or not they are in the scope of employment.

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Definitions:

U.S.GAAP

United States Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in the U.S.

Temporal Method

An accounting method for converting foreign currency transactions based on exchange rates at the time the transactions are made.

Translation Exchange Rates

The rates used to convert the financial statements of a company into the currency of a different country for reporting purposes.

Historical Rate

Refers to the exchange rate between two currencies at a past date, useful for historical financial analysis.