As of the writing of the textbook, the Restatement (Third) of Torts: Products Liability had replaced the Second Restatement in all but four of the states

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Marketing research that seeks structured responses that can be summarized is called ________ research.

A. situation analysis B. open-ended C. qualitative D. focus group E. quantitative

Business

ABC Company in considering a loss control investment. The project will cost $100,000. It will generate an after-tax net cash flow of $60,000 one year after investment and an after-tax net cash flow of $60,000 two years after investment

The present value of $1 received one year from today assuming a 6 percent rate is .9434. The present value of $1 received two years from today assuming a 6 percent interest rate is .8900. Assuming a discount rate of 6 percent, what is the net present value (NPV) of this project? A) $10,004 B) $13,195 C) $16,604 D) $20,000

Business

Under the Uniform Limited Partnership Act of 2001, ________ may participate in the management of the limited partnership business and have limited liability status.

A. general partners B. limited partners C. limited partners and general partners D. no partners

Business

Baseball DirtDirt is not dirt when it comes to baseball fields. About two-thirds of the pro baseball fields got their dirt from a dirt farm in New Jersey called Partac Peat. The company markets a secret mix for the infield (resilient), the warning track (extra crunchy), and the pitcher's mounds (firm). Mounds come in red, brown, orange, and gray colors. Roger Bossard, the White Sox head groundskeeper, scouted nationwide for dirt before settling on the mix provided by Partac Peat. (He uses sand under the grassy areas of the playing field.)Refer to Baseball Dirt. Because Partac Peat is a business product, the primary promotional method used for its sale is:

A. trade promotions B. slotting allowances C. personal selling D. advertising in consumer magazines E. publicity

Business