ACCT351
Athabasca University (AU )
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ACCT351-Exam 2 Study Questions with Correct Answers 2025-2026
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Respondent Superior -Correct Answers -A doctrine under which a principal is held liable for the wrongful acts committed by agents while acting within the scope of their agency
Acts -Correct Answers -Assaults or Negligence committed while performing acts within scope of job
Sole Proprietorship -Correct Answers -A business owned and managed by a single individual; No separate legal entity; No separation for liability, tax, and accounting purposes. Personal liability for debts of business
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Exam (elaborations)
ACCT351-Exam 2 Study Questions with Correct Answers 2025-2026
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Respondent Superior -Correct Answers -A doctrine under which a principal is held liable for the wrongful acts committed by agents while acting within the scope of their agency Acts -Correct Answers -Assaults or Negligence committed while performing acts within scope of job Sole Proprietorship -Correct Answers -A business owned and managed by a single individual; No separate legal entity; No separation for liability, tax, and accounting purposes. Personal liability for debts of business ...
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