The doctrine of strict liability holds the manufacturers of a defective product solely liable for injuries caused by that product
Indicate whether the statement is true or false
FALSE
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Causal research is often undertaken to help clearly define a problem
Indicate whether the statement is true or false
An expenditure to lengthen the useful life of a company vehicle would require a
a. credit to Company Vehicles. b. debit to Cash. c. debit to Depreciation Expense. d. debit to Accumulated Depreciation.
Debt financing does not involve:
A. Interest-bearing loan B. Obligation to pay back the total amount of funds borrowed C. Equity give-up D. A fee (the interest rate)
Assume the football team is set up as a limited partnership Lenny is the only general partner and Sarah and Sam are the only limited partners. The team is sued for negligence because an individual who turned to see the quarterback running naked crashed her car. Which of the following is true
a) Lenny has unlimited liability and Sarah and Sam have liability limited to their investment in the firm. b) The only one with liability is the company itself. c) Lenny, Sarah and Sam all have unlimited liability. d) Lenny has liability limited to his investment in the firm and Sarah and Sam have unlimited liability.