Profitability Is the Ability to Pay Bills When Due and to Meet

question 82

True/False

Profitability is the ability to pay bills when due and to meet unexpected needs for cash.

---

Definitions:

Employer Liability

The legal responsibility of employers for injuries, damages, or losses their employees cause while performing their job duties.

Crimes

Acts or omissions that violate public law and are punishable by the state through fines, imprisonment, or other penalties.

Commission

A fee or percentage of a transaction value paid to an agent or company for services rendered.

Vicarious Liability

The legal responsibility of one person for the actions of another, typically used in employer-employee relationships.