Which of the Following Statements Is the Best Description of a 'Negligent

question 41

Multiple Choice

Which of the following statements is the best description of a 'negligent' misrepresentation?

• A)A false statement of fact made knowingly,which the other person relies upon and suffers loss.
• B)A false statement of fact made carelessly,which the other person relies upon and suffers loss.
• C)A false statement of fact made with the belief that it is true,which the other person relies upon and suffers loss.
• D)Silence or non-disclosure about a fact which creates a false impression.

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Definitions:

Aggregate Supply

The comprehensive stock of goods and services intended for sale by firms within an economy throughout a certain duration.

Economy

An economy encompasses all the production, distribution, and consumption of goods and services within a particular geographic region. It involves activities related to wealth and resources.

Minimum Wage

The lowest legal wage that can be paid to most workers, set by government laws or regulations, intended to ensure a basic standard of living.

Taxes

Compulsory financial charges or levies imposed upon an individual or an organization by a governmental entity to fund various public expenditures.