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The school nurse is leaving campus after work when an accident occurs on the playground. The nurse responds and treats the injured students. Which standard of care would most likely determine liability?
Net Income
Net income is the total profit of a company after all expenses and taxes have been deducted from total revenue.
Retained Earnings
Profits that a company keeps after dividends have been paid out, which may be used for investment or to pay off debt.
Retention Ratio
The proportion of net income that is retained rather than distributed to shareholders as dividends.
Selling And Administrative Expenses
Operating expenses related to selling products and managing the business, not directly tied to production.
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