Vicarious Liability Refers to

question 9

Multiple Choice

Vicarious liability refers to

• A)failure to take ordinary and reasonable care.
• B)when a person is held responsible for actions of another person.
• C)property damage.
• D)high risk insurance coverage.
• E)common hazards in our society.

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Definitions:

Capitalize

To record an expense as an asset, rather than a cost, for purposes of financial accounting and future benefit realization.

Business Management Process

The systematic approach to planning, organizing, leading, and controlling a company's resources to achieve its objectives.

Team Building

A collaborative process that aims to improve a group's cohesion, communication, and efficiency.

Culture

The shared values, beliefs, behaviors, and traditions of a group of people, which influence their social norms, practices, and way of life.