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svlad2 [7]
3 years ago
9

Kathy, a fashion model, witnessed a motor vehicle accident but did not stop because she was late for her pedicure and simply did

n't want to get involved. Had she stopped, she could have saved the life of Tom, who was thrown from the car and landed in a water-filled ditch, without danger to herself. When Tom's widow hears that Kathy could have easily saved Tom's life but chose to ignore the situation, she sues Kathy. The state has no "Good Samaritan" laws or duty-to-assist laws, but such cases have been brought in the past. Which of the following will the court apply when making a decision in this case?
Business
1 answer:
Alborosie3 years ago
7 0

Answer:

common law

Explanation:

Common law is the type of law that was not explicitly written, but considered as a custom.

When good samaritan law does not apply in the state, The court does not have any justification to punish Kathy.

In this such cases, the common law tends to dictate that a person cannot be held liable to the negative results of an accident as long as the person involved is not actively doing something that make the situation worse for the victim.

Even though Kathy's behavior is morally wrong, It is very unlikely that she will be held liable by the court . That's being said,  She might receive punishment from other members in her social group (such as backlash from other people who hears about the case and deemed her as a horrible human being)

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6 0
3 years ago
Read 2 more answers
When firms add workers and find that the additional workers add less output than their predecessors did, they are experiencing A
blondinia [14]

Answer:

The correct answer is letter "C": Diminishing returns.

Explanation:

The Law of Diminishing Marginal Returns states that as the number of new workers increases, an additional employee's marginal product at some stage would be less than the previous employee's marginal product. This is because at a certain point adding more employees implies not having enough space for the new hires to work which diminishes the marginal return of every new individual hired by the firm.

4 0
3 years ago
This month your vendor invoiced $31,500 in testing charges for your production run. The unit cost for testing is twice as much f
Ket [755]

Answer:

a) Average Cost per unit = $63 / unit

b) Cost per unit below break point = $ 70 / unit

c) Marginal Cost for 650th Unit = $35 / unit

Explanation:

a) To calculate average cost per unit, we simply divide the total cost for the month $31500 by the total units shipped this month 500 units.

Average cost p.u = 31500 / 500 = $63 / unit

b) The breaking point is at 400 units. The cost for initial 400 units is twice that of the additional units after 400. So, we can say that in this case of 500 units, it takes 2x cost to test initial 400 units while x to test the later 100 units.

Thus,

  • 31500 = 400 * 2x + 100 * x
  • 31500 = 800x + 100x
  • x = 31500 / 900
  • x = 35

So, plugging 35 in place of x,

the cost per unit below cost break = 2 * 35 = $70 / unit

c) Marginal cost of 650th unit is simply x that is $35 / unit

4 0
3 years ago
Consider a bond (with par value = $1,000) paying a coupon rate of 7% per year semiannually when the market interest rate is only
docker41 [41]

Answer:

Explanation:

Using a financial calculator; input the following;

Duration to maturity ; N = 3*2 = 6

Par value of the bond ; FV = 1000

Semiannual interest rate; I = 3%

Semiannual coupon payment;PMT = (7%/2)*1000 = 35

then compute the price; i.e the present value; CPT PV = 1027.09

The price after 6-months would be as follows;

Duration to maturity ; N = 2.5*2 = 5

Par value of the bond ; FV = 1000

Semiannual interest rate; I = 3%

Semiannual coupon payment;PMT = (7%/2)*1000 = 35

then compute the price; i.e the present value; CPT PV = 1022.90

7 0
3 years ago
Li Company declared a property dividend of 20,000 shares of its investment in $1 par P Company common stock. The P stock was pur
kolbaska11 [484]

Answer:

$200,000

Explanation:

DIVIDEND can be defined as the amount of cash which is been paid regularly by a company to its shareholders out of its profits or surplus.

Property dividend of 20,000 shares ×

Fair value of the P stock at $10 per share on the declaration date of the property dividend.

Therefore:

20,000 x $10 = $200,000

The amount of DIVIDEND is $200,000

7 0
4 years ago
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