To Be Successful in the Long Run, Business Must Be

question 157

Multiple Choice

To be successful in the long run, business must be socially responsible toward

• A) customers.
• B) employees.
• C) suppliers.
• D) all of the stakeholder group above

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Definitions:

Assumption Of Risk

A traditional defense to negligence liability based on the argument that the plaintiff voluntarily exposed himself to a known danger created by the defendant’s negligence.

Comparative Fault

Often used synonymously with comparative negligence. But also sometimes used to refer to a defense that operates like comparative negligence but considers the plaintiff’s and the defendant’s overall fault rather than either’s negligence alone.

Fault

A defect, mistake, or error in a system or character that often leads to malfunction or adverse outcomes.

Legal Theory Of Negligence

A legal doctrine that makes a person or entity liable for harm caused by failing to act as a reasonably prudent person would under the same circumstances.