Liability answ - Study guides, Class notes & Summaries

RAMP FINAL QUESTIONS AND 100% CORRECT ANSWERS 2024 Servers / sellers are required to complete a course examination and must receive a score of ______ or better in order to receive credit for participating in this course. - ANSW//80% Licensee benefits for RAMP Certification include ______. - ANSW//all answers are correct RAMP Certification consists of ____ program prerequisites. - ANSW//four RAMP server / seller training is ______ for all new alcohol service personnel hired after August...

Legal Liability a responsibility or obligation to others, which the courts recognize and enforce Types of Legal Liability: Tort Liability Statutory Liability Contractual Liability Tort Liability a civil legal wrong against another for which the courts often assess monetary damages against the wrongdoer Types of Torts: Negligence Intentional Torts Strict Liability Absolute Liability Negligence failure to act as a reasonable person would under the same or similar circumstances ...

MODULE 12 QUESTIONS AND 100% CORRECT ANSWERS 2024 True or false: driving is a guaranteed right for all citizens - ANSW//False According to the centers for disease control and prevention (CDC), is/are the leading cause of death for US teens - ANSW//Motor vehicle crashes The risk of motor vehicle crashes is higher among ____________ year olds than any other age group - ANSW//16 to 19 True or false: when applying for a first time driver license, you do not need to apply in person. - ANSW/...

7 institutions in the EU -ANSWER European Council Council of the EU Court of Justice of the EU European Commission European Parliament Council of Europe super-democracy -ANSWER the people decide everything globalization -ANSWER the process by which markets are integrated worldwide mercantilism -ANSWER countries should encourage exports and discourage imports zero-sum trade -ANSWER a gain for one country is a loss for another positive-sum trade -ANSWER all countries can mutual...

Exchange Traded Funds ("ETF") provide all the following investment features except: Dividends Diversification Net asset value You Answered Liquidity - Correct Answer Net asset value According to the current tax code, you can give the following without having to pay a gift tax $15,000 a year to as many people as you want the above Pay hospital bills for a student directly to the hospital Pay student tuition directly to the institution - Correct Answer All the above The "bid...

All of the following situations would be covered under a professional liability policy - ANSWERSAn accountant's error that inflated a bid and caused a client to lose a major account., Negligence of an architect who designed an unsafe building., Failure of a doctor to render the quality of care that is customary in the medical field, .EXCEPT The failure of an attorney to properly defend a client due to his personal dislike of the client Under a professional liability policy - ANSWERSIntention...

Restricted Cash companies segregate legally restricted cash for reporting purposes. Bank Overdrafts usually reported as a liability but maybe offset against other cash accounts if at same bank Cash equivalents investments that are highly liquid and readily convertible to cash within 3 months Receivables Claims held against customers and others for money, goods, or services. Accounts Receivable Oral promises of the purchaser to pay for goods and services sold. Notes Receivable Written promis...

Woodcrest, Inc. borrowed $50,000 from a local bank and signed a promissory note. What entry should Woodcrest record? A. Debit Cash, $50,000; Credit Notes Receivable, $50,000. B. Debit Notes Receivable, $50,000; Credit Cash, $50,000. C. Debit Cash, $50,000; Credit Notes Payable, $50,000. D. Debit Notes Payable, $50,000; Credit Cash, $50,000. Correct Answer: C True or False: We record interest expense in the period in which we pay it, rather than in the period we incur it Correct Ans...

Dwelling Policy - ANSWER-Only insures property DP-1 - ANSWER-Basic Form DP-2 - ANSWER-Broad Form DP-3 - ANSWER-Special Form Dwelling Coverage A - ANSWER-Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B - ANSWER-Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C - ANSWER-Personal Property- Covers the insured's personal property and must be requested. If rental...

TN Timeshare Exam Questions With 100% Correct Answers 2023