Which of the Following Statements Concerning Business Risk from Customers

question 78

Multiple Choice

Which of the following statements concerning business risk from customers and others is true?

• A) Customer injuries suffered while upon business property may or may not be the owners fault.
• B) Trespassers are not a risk as they are not legally on the business property.
• C) Class action product liability suits are the most common lawsuits filed against small businesses.
• D) People who file individual lawsuits against a company do not get as much money as those that join a class action suit.

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Definitions:

Computer

An electronic device capable of manipulating data or information, allowing for storage, retrieval, and processing to perform various tasks.

Capital

The financial resources available for use, such as cash, goods, or property, invested to create profit.

Shift of Assets

The reallocation or transfer of assets from one part of a company to another, or between companies, which can affect financial statements and tax liabilities.

Composition

An artistic arrangement of elements within a work of art, or the structure and arrangement of various components in a written document or piece of music.