Mary buys a new toaster for $500. The toaster's label bears a disclaimer stating that the manufacturer is not liable for consequential damages
One day, while Mary is using the toaster, it starts emitting sparks and the electrical wiring of the kitchen gets damaged. The electrician tells Mary that the toaster malfunctioned and that the cost of repairs would be $2,000. What monetary damages can Mary recover from the manufacturer of the toaster?
A) $500
B) $2,500
C) $2,000
D) damages cannot be recovered
A
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Marketing channels make distribution simpler by reducing the number of transactions required to get products from manufacturers to consumers. This is called:
A. forward integration B. contact efficiency C. elimination of temporal discrepancies D. sorting E. reciprocity
________ is the conceptualization of a problem in an attempt to place it in a definable category, possibly leading to a standard solution approach
Fill in the blanks with correct word
Companies that manufacture typewriters found themselves in trouble quickly when personal computers and word processors became popular. These companies were most impacted by ____ forces.
A. technological B. economic C. competitive D. political E. sociocultural
Who oversees the key participants in the securities world, including securities exchanges, securities brokers and dealers, investment advisors, and mutual funds?
A) International Stock Exchange (ISE) B) The Securities and Exchange Commission (SEC) C) Internal Revenue Service (IRS) D) New York Stock Exchange (NYSE) E) Brokerage Firm Commission