Which of the following statements is true about punitive damages?
A) They can be awarded in a case where no nominal or compensatory damages are awarded.
B) They are designed to put the victim in the position he or she would have been in had the tort never taken place.
C) The Supreme Court has defined the maximum punitive damages that can be awarded as a ratio of compensatory to punitive damages awarded.
D) They are considered by some to be unconstitutional on the ground that they violate defendants' due process rights.
D
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The employees of Sinclair Services, Inc. worked the last two weeks of December. They received their paychecks on January 2. Which of the following accounts should appear on the balance sheet as of December 31?
A) Accounts Payable B) Salaries Payable C) Salaries Expense D) Prepaid Expense
Jonas is working on his company's marketing plan for a new product line called Nature & Nurture
He is writing an overview that includes a brief description of the positioning for the new product line as well as a brief overview of the financial goals for the product and the strategy that will be used to achieve those goals. Jonas is working on the ________ section of the marketing plan. A) company description, purpose, and goals B) marketing situation C) executive summary D) measurement and controls E) forecasting