Common stock is considered a short-term security because it has no maturity date and a long-term security is one with a maturity date of more than one year. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Failure to exercise the degree of care required by law to protect others from harm is called A) premeditated liability. B) vicarious liability. C) punitive damages. D) negligence. ANSWER Answer: D
Date: September 19th, 2020
All of the following are elements of negligence EXCEPT A) the ability to pay damages. B) the failure to perform a legal duty to use reasonable care. C) damage or injury to a claimant. D) proximate cause between the negligent act and the injury or harm that occurs. ANSWER Answer: A
Date: September 19th, 2020
A situation in which a person is held legally liable even though fault or negligence cannot be proven is an example of A) general damages. B) comparative negligence. C) an intentional tort. D) strict liability. ANSWER Answer: D
Date: September 19th, 2020
The primary goal of a publicly owned corporation is to ________. A) minimize shareholder risk B) maximize dividends per share C) maximize shareholder wealth D) maximize earnings per share after taxes ANSWER C
Date: September 19th, 2020
Saving surplus units include individuals and governments, but not corporations. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
One type of Medicare Advantage Plans provides focused care for a specific group of people, such as diabetics and nursing home residents. This type of Medicare Advantage Plan is a A) Point of Service (POS) plan. B) Private Fee-for-Service plan. C) Health Maintenance Organization (HMO) plan. D) Special Needs plan. ANSWER Answer: D
Date: September 19th, 2020
Which of the following statements about the elements of negligence is (are) true? I. The negligence of the tortfeasor may arise from a failure to act. II. The damage that results must be in the form of property damage. A) I only B) II only C) both I and II D) neither I nor II […]
Date: September 19th, 2020
Only a firm’s financial decisions affect its stock prices. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Heather sued Robert for injuries suffered in an automobile accident. Based on the facts presented, the jury concluded that Heather was 40 percent at fault in the accident and Robert was 60 percent at fault. Under the common law doctrine of contributory negligence, the jury should award Heather A) nothing. B) 40 percent of her […]
Date: September 19th, 2020
