Larson & Son manufactured welders that frequently malfunctioned, setting clothing on fire and causing serious burns. Larson & Son sold all of its assets to Swenson Co, which continued to manufacture the Larson welder product line. Eleven months after Swenson's purchase, one of Larson's customers sued Swenson for injuries caused by a welder purchased from Larson, six months prior to the purchase
by Swenson. Under the circumstances, Swenson Co:
a. cannot be held liable, because it is a corporation.
b. cannot be held liable, because it did not manufacture the welder in question.
c. might be held liable in some states under strict liability.
d. could not be liable if Larson & Son still exists as a corporate entity.
c
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________ allow respondents to answer in their own words and often reveal more about how people think
A) Open-end questions B) Dichotomous questions C) Likert scale questions D) Multiple choice questions E) Semantic differential questions
Which of the following is not a characteristic of the use of social networks in B2B e-commerce?
A. It is typically unstructured. B. It helps develop a more personal relationship between participants in the supply chain. C. It enables participants to make decisions based on current conditions. D. They are always private.
Travis observes that one of his employees always refuses to look him in the eye. He wonders if the employee lacks respect for him. Later, Travis sees that other employees also fail to look him in the eye. Travis decides that the employees are not disrespectful of him, but rather that he must be intimidating them. Travis makes this attribution based on
A. consensus. B. consistency. C. distinctiveness. D. stereotyping. E. selective perception.
On December 1, Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. What is the journal entry that should be recorded upon signing the note?
A. Debit Notes Payable $24,000; debit Interest Expense $160; credit Accounts Payable $24,160. B. Debit Accounts Payable $24,160; credit Notes Payable $24,160. C. Debit Accounts Receivable $24,000; credit Notes Receivable $24,000. D. Debit Notes Payable $24,000; debit Interest Expense $160; credit Cash $24,160. E. Debit Accounts Payable $24,000; credit Notes Payable $24,000.