Which of the following statements is true for assumption of risk?
A. It is not a defense in cases based on reckless behavior.
B. It dictates that the person assuming responsibility will have to recover for all people involved in the accident.
C. It is not a defense in cases based on strict liability.
D. It bars the plaintiff's recovery as the plaintiff fully understands the nature and extent of the risk involved.
Answer: D
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Which of the following accounts is used only at the close of the accounting period to adjust the merchandise inventory account and summarize the temporary owner's equity accounts?
a. Owner's Capital b. Income Summary c. Cost of Goods Sold d. Sales
In the Interest and Desire sections of a solicited application letter, discussing each requirement specified in the job ad
A) will reduce your chances of getting an interview. B) is unnecessary as long as you refer to the ad in some specific way. C) is helpful as long as you clearly identify those that you do not meet. D) is harmful if the position requires creativity or innovation. E) helps demonstrate your understanding of the employer's needs.
Variance analysis involves computing the difference between standard and actual costs
Indicate whether the statement is true or false
Family ties are more important in Mexico than in the United States
Indicate whether the statement is true or false.