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PRM 461 Quiz (3/28/12)
PRM 461
16
Management
Undergraduate 4
03/28/2012

Additional Management Flashcards

 


 

Cards

Term
Tort
Definition
a wrongful act, damage, or injury done willfully or negligently or strict liability, but not breach of
contract.
Term
Consequential Damages
Definition
a warning to pay for pain, suffering, & humiliation caused by wrong doing.
Term
Compensatory Damages
Definition
awarded for any type of financial loss.
Term
Punitive Damage
Definition
wrong doing has been done for malice or viciousness.
Term
Risk Management
Definition
shows intent of actions
Key: must be someone’s responsibility or it is nobody’s responsibility
Term
Negligence
Definition
the omission to do something which a reasonable man, guided by those ordinary considerations… would do, or the doing of something which a reasonable and prudent man would not do. (Did you make an attempt)
Term
Nonfeasance
Definition
nonperformance of some act which should be performed, omission to perform required duty as all, or total neglect of duty
Term
Misfeasance
Definition
improper performance of some act which a man may lawfully do
Term
Malfeasance
Definition
Evil doing; ill conduct, the commission of some act which is positively unlawful
Term
Compensatory Damages
Definition
damages awarded to a person as compensation, indemnity, or, restitution for harm sustained.
Term
Punitive Damages
Definition
damages awarded to a person to punish the other litigants because of their
outrageous conduct.
Term
Consequential Damages
Definition
Damages awarded a person for suffering because of the act of another
even thought the act was not direct toward the first person specifically and the damages did not
occur immediately.
Term
Standard of Care
Definition
That degree of care which a reasonable prudent person should exercise under the same or similar circumstances.
Term
Invitee
Definition
One who is at place at the invitation of another and usually has compensated the recreation provider for services or use of the facilities.
Term
Licensees
Definition
Person who has permission to go on land by invite or implied
Term
Trespasser
Definition
Someone who intentionally or w/o consent or privilege enters another’s property
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