What is a tort? A. A breach of contract B. A legally-binding contract between two parties that includes consideration C. An agency relationship that gives one party the authorization to act on behalf of the other party D. A civil wrong caused by negligence or intentional harm

Related Questions

• A microeconomist — as opposed to a macroeconomist — might study a. the effect of a national healthcare program on the nation’s unemployment rate. b. the growth rate of production in the economy. c. the effect of new regulations on production in the pulp and paper industry. d. the effect of changes in interest rates on gross domestic product.
• Suppose that a new study is released stating that consumption of orange juice (a substitute for apple juice) reduces the risk of cancer and a major freeze destroys half of the country's apple crop. What happens to the price and quantity of apple juice? A The price of apple juice might rise or fall and the quantity of apple juice falls. B The price of apple juice might rise or fall and the quantity of apple juice rises. C The price of apple juice falls and the quantity of apple juice falls. D The quantity of apple juice might rise or fall and the price of apple juice rises.
• During the current year, Morgan, Inc. reported a net income of $657,000. The company also recorded $203,000 in depreciation expense and experienced the following changes in its balance sheet accounts: a $28,000 increase in Accounts Receivable, a $12,000 decrease in Inventories, and a $21,000 decrease in Accounts Payable. Calculate the net cash provided by operating activities using the indirect method.
• Justin is the accountant for a trucking company. A driver, Andrew, holds a gun to Justin’s head and forces him to steal from the company. Justin falsifies records, obtains cash, and gives it to Andrew. If criminal charges are brought against Justin, he can assert the defense of __________.
• When selecting a career you should consider all of the following, EXCEPT: a. what others think b. your skills and interests c. desired lifestyle d. how much education is required
• Ron owns five percent of a corporation’s common stock. The concept of limited liability would imply that Ron is personally responsible for only five percent of the financial obligations of the corporation. A. TrueB. False
• Kelvin is an agent for Lookout Mountain Accountants, Inc. On Lookout’s behalf and at its request, Kelvin pays Nerdlinger for custom software designed for the management of Lookout’s services. Kelvin’s right to obtain the amount of those payments from Lookout arises under the principal’s duty of: A. compensation. B. cooperation. C. indemnification. D. reimbursement.
• In production, what is a set factor, with no possibility of change? A) inoperable factor B) variable factor C) fixed factor D)single factor
• If the demand for air travel were to change so that business travelers and vacationers have thesame price elasticity of demand for air travel, A) airlines would charge the same price to each type of flyer. B) airlines would still charge business flyers a higher fare since the traveler's employer pays anyway. C) airlines would be driven out of business. D) airlines would counter by charging vacationers a higher fare.
• The more precisely defined the target market is, the _____ the numbers are to estimate.