Describe how courts can evaluate the adequacy of a product's design
What will be an ideal response?
In evaluating the adequacy of a product's design, a court may apply a risk-utility analysis. This requires the court to consider the gravity of the danger posed by the design, the likelihood that injury will occur, the availability and cost of producing a safer alternative design, the social utility of the product, and other factors. Some courts apply a consumer expectation test, which requires a showing that the product is more dangerous than the ordinary consumer would expect.
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If a production possibilities frontier appears as a downward sloping straight line, which of the following occurs?
a. increasing opportunity cost b. decreasing opportunity cost c. constant opportunity cost d. negative opportunity cost
Taylor Corp identified the following data in preparing a bank reconciliation on October 31, 2016. Bank statement balance $29,600 Taylor's book balance (before adjustments) ? Outstanding checks 3,100 NSF checks 300 Service charges 200 Deposits in transit 2,200 Interest earned on checking account 100 What is the net amount of the adjustments to Taylor's cash balance as a result of the bank
reconciliation? a. No amounts need to be recorded b. $400 increase c. $400 decrease d. $900 decrease
Risk exposures associated with creating an output file as an intermediate step in the printing process (spooling) include all of the following actions by a computer criminal except
a. gaining access to the output file and changing critical data values b. using a remote printer and incurring operating inefficiencies c. making a copy of the output file and using the copy to produce illegal output reports d. printing an extra hardcopy of the output file
Eve tells Finlay that she will pay him $50 if he unloads her truck. Finlay's acceptance is complete
A. as soon as Finlay says he will unload the truck. B. once Finlay starts to unload the truck. C. only after Finlay unloads the truck. D. when Finlay hears Eve's offer.