HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Vicarious liability
Answer:
(aka respondeat superior) attachment of responsibility to a person whose
agent caused the plaintiff's injuries
Q: Corporate Liability
Answer:
aka direct liability; simply means the extent to which a corporation is
responsible for the actions of its employees.
Q: Respondeat superior
Answer:
(aka vicarious liability) a doctrine in the law agency that provides that a
principal- employer- is responsible for his/her/its agent-employee- done during
employment
,HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Borrowed servant doctrine
Answer:
a legal doctrine in which an employer is held liable for the
actions of a temporary employee
Q: Captain of the ship doctrine
Answer:
established that a surgeon was responsible for any negligent
conduct in the operating room just as the captain of a ship is responsible for the
actions of its
crew.
Q: Sole proprietorship
Answer:
an individual assumes all organizational roles: employer, employee, and
owner. Retains any profits, suffers any losses, and bears the full risk of enterprise
,HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: General partnership
Answer:
partner receive equal shares of profits or losses, are entitled to equal
voting rights, and are personally liable for debts
Q: Limited partnership
Answer:
provides limited liability to some persons who invest in the
organization, share profits, but do not participate in day-to-day management, Not
liable to
creditors for debts
Q: Corporation
Answer:
an organization formed with government approval to act as an artificial person
to carry on business. Legal entities distinct from the individual who created or
manage them,
they fall within the definition of "person"
, HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: 2010 Citizens United
Answer:
US Supreme Court decision that confirmed corporations' constitutional
rights and held that corporate funding of political broadcast during election
campaigns is a form
of free speech
Q: Duties of Governing Board
Answer:
act with due care and loyalty; protect corporate property; avoid
conflicts of interest; set major policies; appoint medical staff members and chief
executive
officer (CEO); oversee the quality of care; establish operating budgets;
Q: Fiduciary duties
Answer:
special responsibilities owed to the corporation, its members (if any), and
its intended beneficiaries.
Latest 2026 Update
Q: Vicarious liability
Answer:
(aka respondeat superior) attachment of responsibility to a person whose
agent caused the plaintiff's injuries
Q: Corporate Liability
Answer:
aka direct liability; simply means the extent to which a corporation is
responsible for the actions of its employees.
Q: Respondeat superior
Answer:
(aka vicarious liability) a doctrine in the law agency that provides that a
principal- employer- is responsible for his/her/its agent-employee- done during
employment
,HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: Borrowed servant doctrine
Answer:
a legal doctrine in which an employer is held liable for the
actions of a temporary employee
Q: Captain of the ship doctrine
Answer:
established that a surgeon was responsible for any negligent
conduct in the operating room just as the captain of a ship is responsible for the
actions of its
crew.
Q: Sole proprietorship
Answer:
an individual assumes all organizational roles: employer, employee, and
owner. Retains any profits, suffers any losses, and bears the full risk of enterprise
,HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: General partnership
Answer:
partner receive equal shares of profits or losses, are entitled to equal
voting rights, and are personally liable for debts
Q: Limited partnership
Answer:
provides limited liability to some persons who invest in the
organization, share profits, but do not participate in day-to-day management, Not
liable to
creditors for debts
Q: Corporation
Answer:
an organization formed with government approval to act as an artificial person
to carry on business. Legal entities distinct from the individual who created or
manage them,
they fall within the definition of "person"
, HCM 388 Final Exam Questions and Answers with Verified Solutions |
Latest 2026 Update
Q: 2010 Citizens United
Answer:
US Supreme Court decision that confirmed corporations' constitutional
rights and held that corporate funding of political broadcast during election
campaigns is a form
of free speech
Q: Duties of Governing Board
Answer:
act with due care and loyalty; protect corporate property; avoid
conflicts of interest; set major policies; appoint medical staff members and chief
executive
officer (CEO); oversee the quality of care; establish operating budgets;
Q: Fiduciary duties
Answer:
special responsibilities owed to the corporation, its members (if any), and
its intended beneficiaries.
