When sued for______, a software supplier is not held responsible for every product defect that causes customer or third-party loss
a. breach of warranty b. misrepresentation
c. strict liability d. negligence
d
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Which of the following types of research seeks conclusive evidence, which is based on large, representative samples and typically applies some form of statistical analysis?
A) qualitative research B) lead research C) quantitative research D) hypothetical research E) total research
When the cost of inventory is written down due to a market decline, a loss must be recorded
Indicate whether the statement is true or false
A firm adopting an intensive distribution strategy to sell its products would do so through a(n)
________. A) luxury-oriented retailer B) supermarket C) company-owned outlet D) franchise store
The Grand Performance Hall is in the process of remodeling and is scheduled to open for business after being closed for 50 years. As part of the remodeling, it is installing a new sound system. The sound system is to be installed by Sound Systems, Inc on or before April 10 . Opening night of the hall is May 1 . The contract states that "time is of the essence" because of the opening-night
deadline. Sound Systems has some financial difficulties and doesn't deliver the system until April 20 . Grand Hall refuses to accept it, and Sound Systems sues. What will be the result? a. Grand Hall wins; the contract date was strictly enforceable. b. Sound Systems wins; the contract was substantially performed. c. Grand Hall wins; there was commercial frustration. d. Sound Systems wins; there was a true impossibility.