Jade Inc. serves as an intermediary between Stone Corp., a gem supplier, and Purple, a jewelry store. If Jade limits its selling activity to accepting orders from Purple and conveying them to Stone Corp., Jade is most likely in the ________ stage of personal-selling evolution.
A. prospector
B. provider
C. persuader
D. procreator
E. problem-solver
Answer: B
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Which of the following statements is true of defenses to a strict product liability action?
A) Product misuse is available as a defense to a strict product liability action. B) Assumption of the risk is not permitted as a defense to a strict product liability action. C) The state-of-the-art defense is generally allowed in a strict product liability action. D) The state-of-the-art defense in a strict liability action requires testimony from an expert witness.
According to the Uniform Guidelines, a rule of thumb that identifies selection practices that favor a disproportionate number of nonprotected class members is the
A. two-thirds rule. B. acid-test rule. C. ratio rule. D. four-fifths rule.
A company's cost of goods sold was $15,500 and its average merchandise inventory was $4,500. Its inventory turnover equals 3.4.
Answer the following statement true (T) or false (F)
Garden Tool Company makes chain saws. Hadrian is injured while using a Garden saw and sues the company for product liability based on neg-ligence. To win, Hadrian must show that A) Garden did not use due care with respect to the trimmer
B) ?Garden used puffery in its advertising. C) Hadrian was not experienced in the use of trimmers. D) Hadrian was in privity with Garden.