Which of the Following Holds the Principal-Employer Liable for Any

question 95

Multiple Choice

Which of the following holds the principal-employer liable for any harm caused by the agent-employee during the time that the agent-employee is working for the principal?

• A) Vicarious liability
• B) Responsible liability
• C) Comparative liability
• D) Contributory liability
• E) Applied liability

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Definitions:

Operating Income

Income generated from the regular operating activities of a business, excluding revenues and expenses from non-operating sources like investments.

Income Tax Rate

The rate at which a person or business pays taxes on their earnings.

Net Income

Net Income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicative of the company's profitability.

Domestic Corporations

Companies that are incorporated and operate in the same country where they were established.