T LEVEL Liability and Financial Management Quiz

What does the term "liability" refer to?

• A type of insurance

• A legal responsibility

• A financial gain

• A business strategy

What is liability?

• Responsibility for something, especially by law

• A type of insurance

• A form of employment

• A public service

If something goes wrong on site, who is to blame?

• Employer

• Employee

• Public

• Someone else?

What is the term used to describe the employer's responsibility for any work undertaken by the employee in the course of his/her employment?

• Direct liability

• Vicarious liability

• Indirect liability

• Absolute liability

Which of the following is NOT something the employer is legally responsible for?

• Problems, accidents, or mistakes the employee has made

• Injuries to the employee at work

• Personal expenses of the employee

• Injury to the public due to the work being carried out

What can an employer take out to cover some of the costs associated with employer's liability?

• Health insurance policy

• Employer's liability insurance policy

• Life insurance policy

• Property insurance policy

Which of the following is included in the employer's legal responsibilities?

• Employee's personal debts

• Associated medical costs

• Employee's travel expenses

• Employee's personal investments

What is an employer legally responsible for in the context of public liability?

• Only injury or illness

• Only legal costs

• Injury or illness, death, legal action, legal costs, and compensation

• Only compensation

What can an employer do to cover certain costs associated with public liability issues?

• Take out a public liability insurance policy

• Ignore the issues

• Pay out of pocket for all costs

• Transfer the responsibility to employees

Public liability refers to the employer's responsibility for situations where:

• A member of the public is hurt or their property is damaged by a company's actions or products

• An employee is hurt at work

• A company faces financial loss

• A company gains profit