Which of the Following Is True About the Breach of Duty

question 8

Multiple Choice

Which of the following is true about the breach of duty?

• A) A person is guilty of breach of duty if he or she exposes another person to a foreseeable and unreasonable risk of harm.
• B) The defendant is liable for the plaintiff's injury even if the defendant exercised reasonable care.
• C) Only when the defendant's actions violate statutes, it is regarded as breach of duty.
• D) In a ruling, a breach of duty is considered as serious as a criminal offense.

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Definitions:

Measurement

The process of determining the size, quantity, or degree of something, often in relation to a unit of measurement.

Financial Reporting Periods

are the specific time frames covered by financial reports, often annually or quarterly, over which an organization reports its financial performance and position.

Early Adoption

Early adoption refers to the implementation of new accounting standards or regulations before the mandatory effective date prescribed by the regulatory bodies.

Reportable Segments

Operating segments for which an entity reports separate information.