Identify the considerations the United States Supreme Court outlined for calculating punitive damages
The Supreme Court listed three criteria to be considered:
1 . the reprehensibility of the defendant's conduct.
2 . the ratio between the harm suffered and the award.
3 . the difference between the punitive award and any civil penalties in similar cases.
Although the Court has not given a definitive ratio between compensatory and punitive damages, the Court has said a trial court generally should not permit a punitive award more than nine times higher than compensatory damages and the trial court may not use the defendant's wealth as an excuse to award an unreasonably high amount.
You might also like to view...
A self-liquidating premium is one in which the consumer pays some money for the gift or item
Indicate whether the statement is true or false
Which one of the following subtotals or totals would appear in a multiple-step, but not a single-step income statement?
a. Income tax expense b. Income from operations c. Cost of goods sold d. Net income
Material is added at the beginning of a process in a process costing system. The beginning Work in Process Inventory for the process was 30 percent complete as to conversion costs. Using the FIFO method of costing, the number of equivalent units of material for the process during this period is equal to the
a. beginning inventory this period for the process. b. units started and completed this period in the process. c. units started this period in the process plus the beginning Work in Process Inventory. d. units started and completed this period plus the units in ending Work in Process Inventory.
Public relations dialogue still revolves around ________
A) outperforming competing organizations B) finding a seat at the management table C) making the public understand your client D) whether in-house talent or an agency is best