Identify at least four means states have used to limit the punitive damages a plaintiff can collect in a product liability lawsuit
The textbook identifies five means states have used to limit punitive damages: (a) placing caps on the amount of damages that can be awarded (caps ranging from $50,000 to $5 million); (b) providing for the state to receive all or a portion of any punitive damages awarded, with the state's share ranging from 35 to 100 percent in order to reduce the plaintiff's incentive to bring product liability suits; (c) providing for bifurcated trials to separate hearings to determine liability from hearings to determine damages; (d) increasing the plaintiff's burden of proof for recovery of punitive damages with most states adopting the "clear and convincing" evidence standard; and (e) requiring proportionality between compensatory and punitive damages by specifying an acceptable ratio between the two types of damages.
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The Mendez Company is trying to decide whether to replace a packing machine that it uses to pack salsa into individual serving size packages. The following information is provided:
Required:1) Compute the increase or decrease in total net income over the five-year period if the company chooses to buy the new machine.2) Compute the impact on the company's net income in the first year if the current machine is replaced. Do not take depreciation into account.
What will be an ideal response?
The worldwide stock of outward FDI is estimated to have increased _______ between 1990 and 2014.
A. fivefold B. thirteenfold C. seventeenfold D. ninefold E. threefold
List some elements of managing change
What will be an ideal response?
In the short to medium term, an improved focus on sustainability provides benefits that
A) are shared but costs that may be local to a firm. B) are local to firms but a cost that is global. C) are shared and costs that are global. D) are local and costs that are global.