McKenzie worked in a service station. Changing a customer's tire, he over-inflated it, causing it to explode. This severely injured his left hand. Neither the tire nor the rim was found to be defective. In a lawsuit against the tire manufacturer McKenzie will likely:
a. lose due to product abuse
b. win under a strict liability or a negligence standard c. lose under strict liability but win under negligence d. win due to implied warranty of safety
e. lose due to assumption of the risk
a
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The form of organization characterized by lateral decision processes, horizontal networks, and a strong corporate-wide business philosophy is known as a
A. modular network. B. virtual network. C. modular corporation. D. horizontal corporation. E. virtual organization.
Deming felt that when things go wrong, there is a 94 percent chance that the __________ rather than the __________ is the cause.
A. user, technology B. technology, user C. system, worker D. worker, system E. organization, environment
Suppose XYZ Corporation is traded on the New York Stock Exchange. XYZ's closing price on
Monday is $20 per share. After the market closes on Monday, XYZ makes a surprise announcement that it has obtained a major new customer. XYZ's stock will likely A) open above $20 because the positive news will result in a higher valuation even though the stock has not yet traded. B) remain at $20 per share because in efficient markets the price already reflects all information. C) open below $20 because the surprise announcement creates more uncertainty. D) open at $20 per share on Tuesday and then increase as more investors read the announcement in the Wall Street Journal.
The development team for a greeting card company includes a writer whose focus is on crafting the messages for a series of new cards. The responsibility to craft the words for the team is an example of
A. a virtual role. B. group norming. C. group conforming. D. a group role. E. empowerment.