A. How does liability based upon negligence differ from liability based upon strict liability? b. How is liability based upon negligence similar to strict liability?
a. Liability based upon negligence is liability based upon fault. Negligence involves conduct that creates an unreasonable risk of harm. Strict liability is liability without fault. It is not based on the negligence or intent of the defendant but on the nature of the activity in which he is engaging.
b. Duties created by engaging in certain activities frequently give rise to liability based upon negligence. Strict liability is imposed for harm resulting from certain activities as determined in light of the place, time, and manner in which the activity is conducted.
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When should managers talk about ethical issues with employees?
What will be an ideal response?
A manufacturer reports the following information below for its first three years in operation. Year 1 Year 2 Year 3Income under variable costing$76,000 $109,000 $115,000Beginning inventory (units) 0 800 500Ending inventory (units) 800 500 0Fixed manufacturing overhead per unit$8.00 $8.00 $8.00Income for year 1 using absorption costing is:
A. $82,400. B. $76,000. C. $106,600. D. $88,800. E. $111,000.
Which of the following statements is true about the sovereign acts doctrine?
A) It allows one Congress to bind a later Congress. B) It does not allow the government to pass laws that discharge its preexisting contractual obligations. C) It allows Congress to pass legislation deliberately targeting its existing contractual obligations. D) It protects the government in a subsequent suit for breach of contract if a new law of general application indirectly affects a government contract.
In ethical decision making, what element of the marketing mix is affected when a firm is deciding whether or not to outsource jobs to other members of the supply chain?
A. promotion B. product C. price D. profitability E. place