Explain the rationale for the assumption of the risk defense.
What will be an ideal response?
The law recognizes that there are circumstances where a plaintiff assumes the risk of their behavior, that is, the plaintiff knows of the specific risk involved in a certain activity and voluntarily enters into or participates in such activity, incurring injuries as a result. In such circumstances the law recognizes that the defendant should not be held liable.
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Which of the following is included in the introduction?
A) title B) executive summary C) general purpose as well as the specific objectives D) memo of certification E) all of the above are included in the introduction
The accounting convention that is most responsible for the increase in the number of notes to financial statements is
A) materiality. B) full disclosure. C) consistency. D) conservatism.
Regarding a firm that abandons an asset,
a. there is usually no market for the asset. b. the book value of an abandoned asset is eliminated from the balance sheet. c. the firm recognizes a loss in an amount equal to the book value of the abandoned asset in the period that the asset is abandoned. d. all of the above e. none of the above
Which of the following is a current development in customer service?
A) Salespeople are spending less time monitoring customer satisfaction. B) Incentives are used by salespeople to personalize customer relationships. C) The personal follow-up visit has proven to be the only effective follow-up method. D) Extranets enhance customer service by placing regular, automated calls to customers. E) Salespeople criticize competitors for the purpose of creating magical moments with customers.