Strict product liability exists if:
a. the consumer misuses the product.
b. the consumer alters the product before he or she uses it.
c. a defective, unreasonably dangerous product reaches the consumer or user without substantial change in the condition in which it is sold.
d. the consumer gives the manufacturer or seller notice of the defect.
c
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In the second stage of the retail life cycle, innovative retailers expand their geographic bases of operations and newer firms enter the field
Indicate whether the statement is true or false
A firm is trying to determine if it should launch a product. The product has an expected life of five years. It will bring in cash flows of $10,000 in each of the first three years and then $5,000 in the last two years. The company estimates that it will invest $35,000 in product research and development costs. Assume a discount rate of 8%. Based on NPV, what should the firm do?
a. Launch the product because NPV is greater than the amount to be invested b. Not launch the product because NPV is greater than the amount to be invested c. Launch the product because the amount to be invested is greater than NPV d. Not launch the product because the amount to be invested is greater than NPV
The optimal capital structure occurs when operating leverage equals financial leverage
Indicate whether the statement is true or false
An instrument is negotiable if it satisfies six standards. Which of the following is a standard of negotiability?
A)The instrument can be oral provided there is proof beyond a reasonable doubt. B)The instrument must be signed by the payee. C)The instrument must be conditional. D)The instrument must state a definite sum of money.