The correct option is (b) negligent hiring.
State courts have ruled that companies can be held liable for negligent hiring if they fail to do adequate background checks.
<h3>What is negligent hiring doctrine?</h3>
According to the doctrine of negligent hiring, a company is responsible for any injury its workers do to third parties if they knew or should have known that the employee posed a danger of doing so, or if a reasonable investigation would have revealed the risk.
The causes of negligence hiring are-
- Whether the employee's unfitness was the cause of the injuries that resulted
- Whether the employer knew or should have known (had the employer used ordinary care) of the employee's unfitness at the time of employment. Each state has a different liability standard.
An employer be concerned about negligent hiring and retention because-
- An employer may be liable for real injuries, pain and suffering, and even punitive damages if they fail to discipline an employee who poses a danger of injury to coworkers, clients, and others.
- The company may be held liable if these employees go on to commit careless or reckless conduct that could endanger others.
The elements of a negligent retention claim include all of the following:
- An affiliation with a company.
- The employee's lack of expertise.
- The employer may have had actual or constructive awareness of the ineptitude.
- An employee's action or inaction that resulted in the plaintiff's injuries.
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If the company requires a return of 10 percent for such an investment, calculate the present value of the project.
The present value of the project is $72349.51.
Since we consider only incremental cash flows for a project, we consider $21,600 for year one and calculate a 4% increase for each of the additional years.
We then calculate the Present Value Interest Factor (PVIF) at 10% for four years using the formula :
PVIF = 1 / [(1+r)^n]
Next, we find the product of the respective cash flows and PVIF for each year.
Finally, we find the total of the discounted cash flows for the four years to find the Present Value of the project.
Answer:
Yes
Explanation:
Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.
Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.
Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.
Answer:
Variable cost per unit= $1.5
Fixed costs= $2,000
Explanation:
Giving the following information:
Miles Driven Total Cost
January 10,000 $17,000
February 8,000 13,500
March 9,000 14,400
April 7,000 12,500
<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)
Variable cost per unit= $1.5
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 17,000 - (1.5*10,000)
Fixed costs= $2,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 12,500 - (1.5*7,000)
Fixed costs= $2,000
Answer:
$-8,609
Explanation:
Calculation for How much would you need to set aside
Year Cashflows PVF 5% Present values
1 -500 *0.952381 =-476.19
2 -650(500+150) *0.907029 =-589.569
3 -800(650+150) *0.863838 =-691.07
4 -950(800+150) *0.822702 =-781.567
5 -1100(950+150) *0.783526 =-861.879
6 -1250(1100+150) *0.746215 =-932.769
7 -1400(1250+150) *0.710681 =-994.954
8 -1550(1400+150) *0.676839 =-1049.1
9 -1700(1550+150) *0.644609 =-1095.84
10 -1850(1700+150) *0.613913 =-1135.74
PV=Present value $-8,609
Therefore the amount you will need to set aside is $-8,609
