Contrast the concepts of defect prevention and defect detection as they might apply to each of the following "defects" in society: A) automobile accidents B) alcoholism
A) Automobile accidents. Among strategies for preventing "defects": driver education programs, improved road signs and markings. Among strategies for detecting "defects": periodic driver retesting, automobile state inspection programs, checking driver license lists with lists of persons known to have serious alcohol, drug, medical problems that might impair their driving.;
B) Alcoholism. Preventing: educational programs, family support groups and other approaches to dealing with some of the causes of alcoholism. Detecting: various social and law enforcement agencies, identifying repeat DUI (driving under the influence).
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A limited liability company is essentially: a limited partnership without limited partners.
a. true b. false
Which of the following statements is true of the Convention on Contracts for the International Sale of Goods (CISG)?
A) Parties to a contract can choose to adhere to all or part of the CISG, or they may select other laws to govern their transactions. B) Traditional contracts on sale of goods are not covered by the CISG. C) The CISG is superseded by the Uniform Commercial Code (UCC) in most states. D) The CISG requires a written contract for a sale of goods of $500 or more.
Market research, such as surveys, has limited effectiveness because it is often difficult for customers to articulate the underlying problems they have with a product or service.
Answer the following statement true (T) or false (F)
The earned surplus test does not permit capital surplus to be used for the payment of dividends
Indicate whether the statement is true or false