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Marta_Voda [28]
3 years ago
15

The rule preventing recovery for reasonably avoidable damages is often called the duty to mitigate. True or false

Business
1 answer:
Degger [83]3 years ago
3 0

Answer:

True

Explanation:

In contract law and civil law, the duty to mitigate damages refers to the duty that the individual responsible for the wrongdoing must carry out to limit the harm or injury caused by him/her. The duty to mitigate applies both for contract breaches and victims or torts.

You might be interested in
Overhead costs: Multiple Choice Cannot be traced to cost objects in a cost-effective manner, but are instead allocated to cost o
NikAS [45]

Answer:

Cannot be traced to cost objects in a cost-effective manner, but are instead allocated to cost objects.

Explanation:

Overhead costs refers to the costs or expenses that are incurred for operating a business activity. It is reflected on the income statement of a particular firm which includes all of the expenses but it excludes the direct material cost, direct labor cost and other direct costs. Theses expenses are incurred generally for producing the output.

It cannot be traced because these are very critical costs to operate a  business.

8 0
3 years ago
Choose the match that fits the best description. An oval table that has a prime seat at each end is called a?
sweet-ann [11.9K]

A royal conference is an oval table with a prominent seat at each end.

<h3>What does a conference setup entail?</h3>

Tables and chairs are arranged in parallel rows towards the front of the room in a traditional classroom arrangement. It is typical of lectures and focuses more on audience and speaker contact than on participant involvement.

<h3>At the head of the table, who is seated?</h3>

The host and hostess typically occupy the head chairs at either end of the table while hosting business guests at their home. The host can take the head seat anywhere at a round or square table. The head seats are located at the ends of a rectangular table.

<h3>At a crescent-shaped table, how are the chairs arranged?</h3>

Crescent (Half) Rounds: Place participants around the perimeter of the table, ensuring that everyone faces the front and faces the presenter at all times. Crescent (Half) Rounds: The tables are set up in the shape of a huge U, with a blank area in the center. Participants are situated around the perimeter of the U, facing the center.

Learn more about audience and speaker: brainly.com/question/15593050

#SPJ9

7 0
1 year ago
Evaluate the economic consequences of increasing progressive taxes in order to redistribute income (6)
Troyanec [42]

Answer:

Increasing progressive taxes in order to redistribute income may be seen as a fair and noble thing, but such measure may have several unintended consequences.

Explanation:

One consequence is that if taxes are raised too high on the highest earners, these people may simply leave the country for another one where taxes are lower. Wealthy people have the means to do so in the modern economy.

Another consequence would occurr if the taxes are raised too high on corporations. Corporations may either leave the country as well, or pass through the higher costs to the consumers.

All in all, progressive taxation is seen as a fair system by many economists, but it should be implemented with care, and by making cost/benefit analysis first.

4 0
3 years ago
The construction industry uses which of the pricing methods
snow_lady [41]
A fixed price is for a fixed scope of work
6 0
3 years ago
17-2. Assume that an average firm in the office supply business has a 6% profit margin, a 40% total liabilities/assets ratio, a
S_A_V [24]

Answer:

No it will not, the statement is incorrect.

Explanation:

if the firm is making a profit, then it means it is growing, so we must determine the firm's growth rate:

firm's growth rate = return on assets (ROA) x (1 - dividends paid)

since we are not given ROA, we must calculate it first:

ROA = net profit x asset turnover =  6% x 2 = 12%

now we go back, firm's growth rate = return on assets (ROA) x (1 - dividends paid) = 12% x (1 - 40%) = 12% x 0.6 = 7.2%

The firm can manage to support an annual growth rate of up to 7.2% before it needs to borrow money or issue new stocks.

6 0
3 years ago
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