Transactions in the futures markets involve current payments for goods which will be delivered at some future agreed upon date. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Under state workers compensation programs, employers may not use common law defenses to defend against claims of workers who are injured on the job. In such cases, proof of a worker’s injury is proof of responsibility of the employer. Because of this characteristic, workers compensation is an example of A) personal injury. B) strict (absolute) […]
Date: September 19th, 2020
Someone who is asked to come on to the property to benefit the property owner, such as customers at a store or a garbage collector, is classified as a(n) A) trespasser. B) resident agent. C) invitee. D) licensee. ANSWER Answer: C
Date: September 19th, 2020
One tort reform proposal is capping noneconomic damages. Noneconomic damages include A) payment for time missed from work. B) payment for the cost of a hospital stay. C) payment for pain and suffering. D) payment for the cost of care provided by a physical therapist. ANSWER Answer: C
Date: September 19th, 2020
Under a dram shop law, a business may be held liable for damages resulting from A) the sale of alcohol. B) the creation of an unsafe work place. C) the sale of prescription drugs. D) the creation of a hostile work environment. ANSWER Answer: A
Date: September 19th, 2020
Which of the following is the most important goal that a corporation should strive for? A) maximize market share B) maximize revenue C) maximize shareholder wealth D) maximize current profits ANSWER C
Date: September 19th, 2020
Documents uncovered after the Exxon Valdez oil spill in Alaska revealed that Exxon could have used double-hulled oil tankers that would have prevented the spill, but the cost of refitting their fleet of single-hulled tankers was considered too high . Exxon determined that the cost of cleaning up an oil spill would be less than […]
Date: September 19th, 2020
Malcolm was involved in an auto accident. He was judged to be 20 percent at fault in the accident, and the other party was judged to be 80 percent at fault. Malcolm’s actual damages were $40,000. Under a pure comparative negligence rule, how much will Malcolm receive for his injuries? A) $8,000 B) $24,000 C) […]
Date: September 19th, 2020
Liability may arise because of a method of collecting oil or natural gas. Under this collection method, a high-pressure flow of fluid is injected underground. This collection method is called A) clear cutting. B) flow mining. C) hydraulic fracturing. D) slurry mining. ANSWER Answer: C
Date: September 19th, 2020
Part of the U.S. Government’s huge deficit is financed by foreign countries, such as China, which is a savings surplus unit. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
