"Workers' compensation is an exclusive remedy." Elaborate on this statement with the help of an example
What will be an ideal response?
Workers' compensation is an exclusive remedy. Thus, workers cannot both receive workers' compensation and sue their employers in court for damages. Workers' compensation laws make a trade-off: An injured worker qualifies for workers' compensation benefits and does not have to spend time and money to sue his employer, with a possible risk of not winning. The employer has to pay for workers' compensation insurance but does not have to incur the expense and risk of a lawsuit.
Example: A professor is covered by her university's workers' compensation insurance.
While teaching her class, the professor is injured when she trips over a power cord that was lying on the floor in the classroom. In this case, the professor's sole remedy is to recover workers' compensation. The worker cannot sue the university to recover damages.
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Jocasta contracts to provide lawn-mowing services to Kevin for $140 per month. Jocasta cannot transfer this duty
A. under any circumstances. B. without continuing to be potentially liable. C. without Kevin's consent. D. without paying Kevin at least one monthly fee.
Gargiulo Company, a 90% owned subsidiary of Posito Corporation, transfers inventory to Posito at a 25% gross profit rate. The following data are available pertaining specifically to Posito's intra-entity purchases from Gargiulo. Gargiulo was acquired on January 1, 2017. 201720182019Purchases by Posito$8,000 $12,000 $15,000 Ending inventory on Posito's books 1,200 4,000 3,000 ??Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends.? 201720182019Gargiulo's net income$70,000 $85,000 $94,000 Dividends paid by Gargiulo 10,000 10,000 15,000 ?Compute the equity in earnings of Gargiulo reported on Posito's books for 2017.
A. $62,730. B. $62,700. C. $63,000. D. $63,270. E. $70,000.
The binomial distribution is a discrete distribution that is applied to situations where n independent and identical "trials" occur, with each trial resulting in a "success" or "failure," and where we want to generate the random number of successes in the n trials
a. True b. False Indicate whether the statement is true or false
Informal reports always have what three main parts?
a. opening, body, and conclusions b. opening, body, and closing c. opening, conclusions, and recommendations d. body, conclusions, and closing