Realgrades

economic entity - correct answer The company's accounting records should be kept separate from the personal finances of the owner(s). going concern - correct answer company's financial statements are prepared with the assumption that the company will remain in business beyond the current accounting period monetary unit - correct answer all transactions are recorded using the dollar value, or its equiv...

Which of the following managerial discoveries led to the thinking that quality of working conditions and social aspects produce higher quality output and reflects quality supervision? A.) Six Sigma B.) Total Quality Management C.) The Hawthorne Experiments D.) Just In Time Manufacturing - correct answer C.) The Hawthorne Experiments Patagonia states that it will build the best products, cause no unnecessary harm, use business to inspire and implement solution...

types of risks - correct answer operational, financial, credit, other (technical, security, data, environmental) operational risk - correct answer involves risk of mistakes or fraud resulting in financial exposure field operations (accidents) - correct answer traders, transaction confirmations, online trading supply chain operations - correct answer traders, transaction confir...

expressed negative emotion - correct answer associated with increased immune function inhibited negative emotion - correct answer associated with decreased immune functioning medial amygdala - correct answer brain structure that inhibits parental behavior in rodents sociotechnical principle - correct answer approach to complex organizational work design that recognizes the int...

Strict liability applies when a defendant places another person in danger, even in the absence of carelessness or negligence, simply because he is possession of a dangerous product, animal or weapon. The plaintiff need not prove negligence. Which of the following would be an example of strict liability activities? Select one: a.Ultra hazardous/unreasonably dangerous defect b.Implied warranty of fitness for a particular purpose c.Manufacturing defect unknown to the manufacturer d.All the a...

1 Exam (elaborations) Ocr Law Negligence-Duty of care Retake Exam Questions And Answers Solved. 2 Exam (elaborations) Ocr Law Negligence-Duty of care Exam Retake Questions And Answers Solved. 3 Exam (elaborations) Law private nuisance exam solutions guaranteed success graded a+. 4 Exam (elaborations) Rectification and indemnity Certification Rev

negligence - correct answer an act or failure to act which causes injury or damage to another person on their property. Duty of Care - correct answer Established in Donoghue v Stevenson 1932-the snail in the ginger beer bottle. Lord Atkin's neighbour principle - correct answer "who then, in law is my neighbour?. The answer seems to be people who are so closely and directly affected by my act that I ou...

introduction - correct answer private nuisance in tort law is the unlawful interference with a person's use or enjoyment of land or indirect damage to land. Courts will consider a series of facts to decide if there was a nuisance. stage 1 -claim/claimed against? - correct answer who can claim/be claimed against Claimant must have a legal interest or exclusive possession of the land (malone v laskey). Anyone whose activities cause int...

There are limits on the amount of indemnity payable if the indemnity relates to the... - correct answer ...loss of land, an interest in land or a charge. If the loss was caused by the rectification of the register, indemnity is capped at the value of that land, interest or charge immediately prior to rectification. If the loss is caused by a mistake that is not corrected, or a mistake before the register was rectified, indemnity is capped at the value of the lan...

Poland V Parr - correct answer Employee assaulted someone to stop them stealing from the employer Employer held liable as they were doing it with authority Limpus V London General Omnibus - correct answer Driver raced with another bus and caused it to overturn Drove in a manner that they were explicitly told not to, employer still liable Century Insurance V Northern Ireland Transport Board - correct answer ...

A buyer purchases a piano from an individual for £50,000. Both parties believe the piano to be a limited edition type, made by Steinway. After the buyer bought it, they decide to have it tuned and the tuner told the buyer that the piano was a copy which was worth approximately £5,000. The buyer wants to return the piano to the seller and obtain a refund. - correct answer No, because there is a mistake as to the quality of the subject matter of the contract. A cli...

Employers' primary liability - correct answer Employee / Claimant - Employee / Tortfeasor Employers' vicarious liability - correct answer Claimant - Employee/ Tortfeasor = Employer The nature of an employer's duty of care - correct answer - Personal and non-delegable (McDermid v Nash [1987]) Wilsons and Clyde Coal Co Ltd v English [1938] - correct answer Employers mus...

Is this statement TRUE or FALSE? Where someone (who is not a trustee) is implicated in a breach of trust, the beneficiaries may be able to bring an equitable personal action against them, or an equitable proprietary action (if they have received trust property in breach of trust and still holds it or its traceable substitute). - correct answer Answer: The statement is TRUE. The beneficiaries may seek a personal remedy against a non-trustee, third party through either ...

what is the law of tort? - correct answer The law of tort is a civil area of law where liability can be established when a defendant or 'tortfeasor' causes damage/injury to a claimant. is a contract necessary for liability? - correct answer No contract is needed as proven in the 'Neighbour' test. what does negligence mean? - correct answer negligence is a 'tort', 'tort' means civil w...

Leakey v National Trust 1980 - correct answer Defendant took no precautions to prevent mound causing landslide, so liable. Holbeck Hall Hotel v Scarborough Borough Council 2000 - correct answer Council did not have to take precautions as risk not foreseeable. Hunter v Canary Wharf 1997 - correct answer TV reception not a right, so no claim. Bland v Moseley 1587 - correct answer ...

Definition - correct answer Vicarious Liability = When the liability for a tort shifts from one person to another (usually in regards to employers being liable for the torts of an employee). For vicarious liability to apply, the courts will look at a number of test. Tests - correct answer 1. Was the person who committed the tort an employee or independent contractor? 2. Did they commit the tort in the course of their employment? Th...

Consider the scope of the common duty of care that an occupier owes their lawful visitors. Which ONE of the following statements is INCORRECT? - The common duty of care extends to damage to a visitor's property. - The common duty of care requires an occupier to reach the standard of a reasonable occupier. - The degree of care required of an occupier never varies from visitor to visitor. - To breach the common duty of care, an occupier must have been at fault. - correct answer ...

Consider the duty of care owed by an employer to employees. Which ONE OR MORE of the following is / are NOT an aspect of that duty? - Provision of a safe place of work and safe system of work. - Provision of adequate remuneration in accordance with minimum wage regulations. - Provision of a fair period of annual leave. - Provision of competent fellow staff and safe plant and equipment. - correct answer Provision of adequate remuneration in accordance wi...

Which ONE of the following statements best defines a misrepresentation? A false statement of fact which induces a party to enter into a contract A statement made by the other contracting party which was an inducement to enter into the contract A false statement made by the other contracting party which was an inducement to enter into the contract A false statement of fact made by one contracting party to the other and which induced the contract - correct answer ...

A well-known actor was photographed leaving a walk-in HIV testing clinic in Birmingham. A newspaper has published the photograph. During her career the actor has disclosed very little about her private life. Which of the following best describes whether the actor can bring a claim in the High Court for misuse of private information arguing that her Convention rights have been infringed? A. She cannot do so. She can only bring a claim arguing that her Convention rights have been infringed befo...