A form of strict liability applies to all of the following situations except:

A) a lawnmower sold in a defective condition that injures its owner.
B) a fireworks factory that blows up and injures townspeople and their property.
C) a medical procedure.
D) a herd of goats that travel onto a neighbor's property, eating and trampling the neighbor's roses.


C

Business

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A new entrant in a market dominated by established players introduces itself with copycat products of another competitor. Would this strategy work in the long-term for the firm? Justify your answer.

What will be an ideal response?

Business

Which of the following is a nontraditional form of advertising?

A. advertisements that are placed on the top of taxi cabs B. advertisements that are flown from the back of an airplane C. advertisements that are embedded within a video game D. advertisements that show up on web pages E. advertisements that are painted on the side of a building

Business

Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. What is the direct materials quantity variance?

A. $2,550 unfavorable. B. $450 unfavorable. C. $2,950 unfavorable. D. $2,500 unfavorable. E. $400 unfavorable.

Business

Which of the following must meet certain educational and experience requirements and take a five-part examination established by the National Society of Accountants?

a. public accountants b. private accountants c. certified management accountants (CMA) d. certified public accountants (CPA) e. national bookkeepers

Business