In 2012, Khalid Was in an Automobile Accident and Suffered

question 99

Multiple Choice

In 2012, Khalid was in an automobile accident and suffered physical injuries.The accident was caused by Rashad's negligence.Khalid threatened to file a lawsuit against Amber Trucking Company, Rashad's employer, claiming $50,000 for pain and suffering, $25,000 for loss of income, and $100,000 in punitive damages.Amber's insurance company will not pay punitive damages; therefore, Amber has offered to settle the case for $120,000 for pain and suffering, $25,000 for loss of income, and nothing for punitive damages. Khalid is in the 35% marginal tax bracket.What is the after-tax difference to Khalid between Khalid's original claim and Amber's offer?

• A)Amber's offer is $30,000 less.(- $100,000 punitive damages + $70,000 increased pain and suffering.)
• B)Amber's offer is $10,500 less.[($30,000 ´ .35) = $10,500].
• C)Amber's offer is $19,500 less. [$30,000(1 - .35) = $19,500].
• D)Amber's offer is $5,000 more.[$70,000 - (1 - .35)($100,000) = $65,000].
• E)None of the above.

Understand the application of dramaturgical concepts by Ervin Goffman in analyzing social interaction.

Acknowledge Herbert Blumer's contributions to symbolic interactionism and his critique of behaviorism.

Explore the implications of symbolic interaction on societal structures and macro-level sociology.

Evaluate the dynamic between individuals' actions and the larger societal expectations.

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Definitions:

Business Communications

The sharing of information between people within and outside an organization in a professional context.

Goodwill

An intangible asset representing the value of a company's brand, reputation, and customer relationships.

Business Communication

The sharing of information between people within an organization or between a company and its customers.

Mistake

An error or fault in action, calculation, opinion, or judgment caused by poor reasoning, carelessness, or insufficient knowledge.