Which of the Following Is a Business Event That Is

question 63

Multiple Choice

Which of the following is a business event that is considered a recordable transaction?

• A)A company hires a new employee.
• B)A customer purchases merchandise.
• C)A company orders a product from a supplier.
• D)An employee sends a purchase requisition to the purchasing department.

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Definitions:

Negligence Per Se Doctrine

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

Local Ordinance

A law or regulation enacted by a municipal or county government specific to the area under its jurisdiction.

Public Policy

Principles and standards considered by a government in the interest of all citizens that guide legislative, regulatory, and judicial actions.

Strict Liability

A legal standard that holds parties responsible for damages or injuries caused by their actions or products, regardless of fault or intent.