Dorothy purchases a chair made by Woode Designs Inc While making the chair, the legs were not fixed properly to the base. When Dorothy sat on the chair, it broke and she was injured
In a strict liability lawsuit, which of the following can Dorothy cite as a defect in the chair?
A) failure to provide adequate instructions
B) defect in design
C) failure to warn
D) defect in manufacture
D
You might also like to view...
A company that wants to keep its customers from switching brands would be most likely to select a ________ strategy
A) new brand B) line extension C) multibranding D) co-branding E) licensing
Answer the following statements true (T) or false (F)
Pinewood Furniture manufactures a small table and a large table. The small table sells for $800, has variable costs of $750 per table, and takes 7.50 labor hours to manufacture. The large table sells for $1,700, has variable costs of $900, and takes 10 direct labor hours to manufacture. If the company has no sales limitations on either product, it should make and sell as many of the large tables as possible to maximize operating income.
When Robin and Rich ask for a client's financial statements in order to complete the data collection for their strategic management project, the owner of the business tells Robin that his accountants are "preparing the financials but these won't be ready for several months." The client instead suggests that Robin and Rich fabricate the financials instead, since what he "really wants is a marketing plan," and that "no one will ever know if you've seen the actual financials or not." Which of the following should NOT guide Robin and Rich in their decision whether or not to take this as an authorization to submit false data as part of their final report?
A. overzealous pursuit of personal gain, wealth, and other selfish interests B. their desire to complete the project, independent of their actual performance on the project C. a company or campus culture that places good business performance and good grades ahead of ethical behavior D. heavy pressures on students to meet or beat assignment deadlines E. the pervasiveness of immoral and amoral businesspeople
Estimating project cash flows is generally the most important, but also the most difficult, step in the capital budgeting process. Methodology, such as the use of NPV versus IRR, is important, but less so than obtaining a reasonably accurate estimate of projects' cash flows.
Answer the following statement true (T) or false (F)