Which of the following statements about torts is (are) true? I. The person who is injured or harmed by a tort is called a plaintiff or claimant. II. The punishment for committing a tort is damages in the form of money. A) I only B) II only C) both I and II D) neither I […]
Date: September 19th, 2020
Shareholders react to poor investment or dividend decisions by causing the total value of the firm’s stock to fall, and they react to good decisions by bidding the price of the stock up. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Which of the following statements about Social Security disability benefits is true? A) Benefits replace ninety percent of a disabled person’s work earnings. B) A waiting period is not required for Social Security disability benefits. C) Social Security disability benefits are limited to a maximum duration of 60 months. D) A strict definition of disability […]
Date: September 19th, 2020
An important current issue in state workers compensation programs is the overuse of a certain category of pain-killing drugs. These drugs have been associated with drug overdoses and drug addiction. This category of drugs is called A) hypertension drugs. B) statins. C) opiates. D) beta-blockers. ANSWER Answer: C
Date: September 19th, 2020
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
