MoneyMaker Toy Company violated the safety standards set forth by the Consumer Product Safety Commission when it produced a toy gun that caused injury to hundreds of children. Because of MoneyMaker's actions:
a. the CPSC can impose civil penalties on the company.
b. the CPSC can impose criminal penalties on the company.
c. users can sue for damages, including attorney's fees, if MoneyMaker knew it was violating a consumer product safety rule when it produced the guns.
d. All of the answers are correct.
d
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In reality, it is very easy for firms to estimate their demand and cost functions
Indicate whether the statement is true or false
List the four special journals that are often used in a manual accounting information system. State what types of transactions are recorded in each of these special journals.
What will be an ideal response?
Knollwood Corporation issued $286,000 of 30-year, 8 percent bonds at 106 on one of its semiannual interest dates. The straight-line method of amortization is to be used. The entry to record the bond interest expense on the next interest payment date is:
A) Bond Interest Expense 11,440 Cash 11,440 B) Bond Interest Expense 11,726 Cash 11,726 C) Bond Interest Expense 10,840 Cash 10,840 D) Bond Interest Expense 11,154 Unamortized Bond Premium 286Cash 11,440
A production department is an organizational unit that has the responsibility for the complete processing of one particular product.
Answer the following statement true (T) or false (F)