A few state courts have declared their state's statute of repose unconstitutional because it:
A. does not bar the bringing of a tort-based product liability suit after a certain number of years from the date the product is first sold to a user.
B. denies people the right to seek redress for their injuries when they had no chance to discover their injuries within the statutory period.
C. gives people time from the date they discover their injury in which to bring their suit.
D. refrains people to bring a suit who are injured by products such as asbestos or DES that cause injury immediately.
Answer: B
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When a product positioning strategy is based on the type of consumer that buys an item, the positioning approach being used is:
A) product user B) product class C) use or application D) cultural symbol
Nonmonetary assets include assets that are ____________________, such as inventories, and assets that are ____________________ such as brand names
Fill in the blank(s) with correct word
Under IFRS, when an asset is revalued upwards, subsequent depreciation is based on
a. the asset's fair value. b. the asset's original cost. c. the method used for determining depreciation on the company's tax returns. d. the amount of future cash flows the asset is expected to generate.
Which of the following is a drawback of local marketing?
A) Local marketing increases manufacturing costs by reducing the economies of scale. B) Local marketing requires specialization that is difficult to identify. C) Local marketing is not profitable for most small firms. D) Local marketing cannot accommodate the needs of modern buyers who are technology savvy. E) Local marketing almost always results in brand dilution.