"Absence of Reasonable Care That Can Be Expected of a Person

question 88

Multiple Choice

"Absence of reasonable care that can be expected of a person in a set of circumstances" defines

• A) pecuniary negligence.
• B) gross negligence.
• C) extreme negligence.
• D) ordinary negligence.

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Definitions:

Receiving A Bill

The process of receiving an invoice from a supplier indicating the amount due for goods or services received.

Account Receivable

Money owed to a company by its customers for goods or services provided on credit.

Sale On Account

A transaction where goods are sold and payment is to be made at a later date.

Equity

The value of an owner's interest in a company, calculated as the difference between the company's assets and liabilities.