DECA+ Business Management and Administration Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Boost your business management skills with the DECA+ Business Management and Administration Exam. Practice with interactive questions, hints, and detailed explanations. Ace your exam today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does the term 'tort' refer to?

A public obligation that demands accountability
A legislative decree governing business practices
A private wrongdoing that can harm another entity
An ethical guideline for corporate conduct

The correct answer is: A private wrongdoing that can harm another entity

The term 'tort' refers to a private wrongdoing that can harm another entity. In legal terms, a tort is a civil wrong that causes someone to suffer loss or harm, resulting in legal liability for the person who commits the tortious act. This harm can be physical, emotional, or financial. The law allows the injured party to seek compensation for their damages through civil lawsuits. Torts can include actions such as negligence, defamation, and trespassing. The other options describe different legal concepts: public obligations relate more to administrative law or regulatory compliance, legislative decrees pertain to statutes that govern behavior broadly within a jurisdiction, and ethical guidelines are related to moral principles guiding corporate behavior rather than legal accountability. Thus, the definition as a private wrongdoing accurately captures the essence of what a tort is.