To support the imposition of strict product liability, a product must be substantially changed from the time it is sold to the time an injury occurs
Indicate whether the statement is true or false
False
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The information system of Company ABC is deemed to be 90% reliable. A major threat has been identified with an exposure of $5,000,000. Two control procedures exist to deal with the threat. Implementation of control A would cost $140,000 and reduce the risk to 4%. Implementation of control B would cost $100,000 and reduce the risk to 6%. Implementation of both controls would cost $220,000 and reduce the risk to 2%. Given the data and based solely on an economic analysis of costs and benefits, which control procedure should you choose?
What will be an ideal response?
What is the name commonly given to the form of on-the-job learning which occurs through observation of a competent colleague:
a. sitting with Nellie b. sitting by Dave c. copying Nellie d. watch and learn
An agreement to settle a debt for less than the sum claimed is referred to as
a. a promisory estoppel. b. an accord. c. a satisfaction. d. rescission.
In the systems theory, understanding ________ helps a manager know which sets of circumstances dictate which management actions.
A. physical needs B. economies C. inputs D. contingencies E. outputs