European Countries with High Debt Levels and Tort Law Concepts - Prof. Lonnie Phelps, Study notes of Introduction to Business Management

Download European Countries with High Debt Levels and Tort Law Concepts - Prof. Lonnie Phelps and more Study notes Introduction to Business Management in PDF only on Docsity!  Greece, Ireland, and Portugal are the three countries that are in the most debt in Europe.  Assets + liability = equity  Population of the U.S. is 300 million+  California is a bankrupt state  Tort- when a consumer is injured by a companies’ product. o McDonald’s coffee too hot o ATV accidents o Compensatory Damages- company paying you back for all of your injuries  When injuries keep your from doing what you were going to do  Promising athlete o Punitive Damages- “sticking it” to the big companies. You get more money because they want to punish the big corporations.  Shortage of black pigment for paint  In the last 25 years there has been a big shift in logistics—shipment o