Fact Pattern

Better Bean Quantifiers LLP ("BBQ") is an accounting firm in Vancouver. In December of 2019, BBQ decided to throw a

giant Christmas party at their offices. Food was served and BBQ paid for an open bar, where employees could drink as

much alcohol as they liked, without charge.

On the night of the party, Frankie, one of BBQ's junior accountants, became particularly intoxicated. When the party

concluded at 4:30 am, everyone headed home. Most of the employees had pre-arranged for a taxi to take them home or

have a friend or family member pick them up. However, Frankie, who had not planned to drink very much at the party,

did not arrange for a taxi. Samantha, one of the senior partners at BBQ, noticed Frankie stumbling towards his car in the

parking lot, and asked him if he felt comfortable driving home. Frankie replied, "Um.... yes, um...... no

problem.....ummm.... I got this!" Because the roads were quiet (it was 4:30 am), and Samantha knew that Frankie lived

only 2 kilometres from the office, Samantha decided not to provoke Frankie, so she hopped in a taxi to get home.

Samantha was extremely tired herself, and just wanted to get home and go to bed!

Frankie was well over the legal alcohol limit to drive. On the drive home, Frankie swerved into the oncoming lane of

traffic and was involved in a head-on collision with another driver, Alice. Alice suffered very serious injuries and was

rendered a quadriplegic. Frankie was 100% responsible for the accident - Frankie's swerving actions were so quick that

there was nothing that Alice, or anyone in her position, could have done to avoid the accident.

Alice brought a negligence claim against Frankie, but BBQ was also named in the lawsuit, as Alice alleged that BBQ was

also negligent on the night of the accident. The damages claimed by Alice are all of the normal and well-accepted

damages that someone involved in a similar accident can obtain. (Hint: the types of damages suffered by Alice are not an

issue in this assignment)

Question 1

Assess Alice's negligence claim against BBQ - was BBQ negligent on the night of the office party?

(Notes: (1) As a partner, Samantha's actions on the night of the party are to be considered, as she is acts on behalf of the firm, BBQ; (2) do NOT discuss the liability of Frankie or Samantha personally)

Question 2

BBQ's lawyers learn an interesting fact in the course of the lawsuit: Alice was also intoxicated (over the legal limit) at the time of the accident. What impact does this fact have on Alice's negligence claim against BBQ?

Question 3

BBQ's lawyers learn another interesting fact in the course of the lawsuit: Alice was not wearing her seatbelt at the time of the accident. What impact does this fact have on Alice's negligence claim against BBQ?

Question 4

BBQ's lawyers learn yet another interesting fact in the course of the lawsuit: Alice suffered from a rare bone disorder that made her bones particularly weak. The medical evidence shows that Alice, if she had not suffered from the bone disorder, would have likely still suffered injuries, but the injuries would not have been serious enough to render her quadriplegic. Does this fact, if BBQ is found to be negligent, affect the amount of damages that Alice is able to collect?

The following seven elements explain the fundamentals of sports economics for professional leagues: Advertising Attendance Fan Demand Player Salaries Team Revenues Using the diagram below, 1) place the seven elements in the appropriate box and 2) explain why you placed them there: YUGOLIVIIT / & PL Consider the imperfect competition market structures of monopolistic competition and oligopoly. In which market structure(s) will we likely see firms taking advantage of large economies of scale? O Monopolistic competition O Oligopoly O Both of the above O None of the above Question 50 2 pts Consider the imperfect competition market structures of monopolistic competition and oligopoly. In which market structure(s) will we see firms trying to maximize their profits? O Monopolistic competition Oligopoly O Both of the above O None of the aboveGeneral Balance Sheet Questions If the account is a CURRENT ASSET mark as TRUE: True Inventory False True Temporary Investments False True False Equipment True False Dividends True False Accounts Receivable Long-term Investments False True False Prepaid Insurance True Rent Expense False .True Supplies False True False Cash Which reflects Current Assets in the proper order: Equipment (net) on the balance sheet is the Equipment account balance minus In the Stockholders' Equity section of a Balance Sheet which is listed firstQUESTION 1 All risk that stockholders bear should be compensated with higher expectations for returns True False. Only firm risk compensates through higher expected returns @ False. Only market risk compensates through higher expected returns O False. Only interest rate risk compensates through higher expected returns QUESTION 2 For the majority of stocks, what percentage of their returns fall between 1 and 2 standard deviations away from their average return? O About 13.5% Greater than 27% O Less than 27% About equal to 27%