Defenses to an action in strict liability include:
a. contributory negligence only.
b. contributory negligence and comparative negligence.
c. comparative negligence only.
d. express voluntary assumption of risk and in some states comparative negligence.
d
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Some start-up investors do not believe a business plan is beneficial in the early stages because
A) it is too easy for anyone to write up a plan. B) most of the information is available on the Internet. C) investors spend too much time reading them. D) there is no need if the product is going to work. E) it is difficult to anticipate circumstances and obstacles that will be encountered.
Herbicida Manufacturing produces a chemical herbicide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 40,000 fl. oz. of chemicals were started in production. Of these, 34,000 fl. oz. were completed, and 6000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted-average method is used.
At the end of the month, Herbicida calculated equivalent units in the Mixing Department as shown below:
During January, the Mixing Department incurred $49,000 in direct materials costs and $213,000 in conversion costs. How much was the cost per equivalent unit for materials and for conversion costs?
(Use the weighted-average method and round your answer to the nearest cent.)
A) $8.17 per EUP for direct materials and $5.33 per EUP for conversion costs
B) $1.23 per EUP for direct materials and $6.26 per EUP for conversion costs
C) $1.44 per EUP for direct materials and $6.26 per EUP for conversion costs
D) $1.23 per EUP for direct materials and $5.66 per EUP for conversion costs
What is the appropriate treatment in an interim financial report for a LIFO liquidation?
A. The LIFO liquidation is always ignored for interim reporting. B. The LIFO liquidation should always result in replacement cost valuation of ending inventory on the interim balance sheet and the interim income statement. C. The LIFO liquidation should only be reflected in gross profit on an interim income statement if it is determined that it will not be replaced by year-end. D. The LIFO liquidation should always be reflected in gross profit on an interim income statement. E. The LIFO liquidation should always result in replacement cost valuation of ending inventory on the interim income statement but not the interim balance sheet.
President Obama brought on Rahm Emanuel as his chief of staff due to his aggressive style and ability to be an agent of change. Emanuel supported Obama and his policies and oftentimes acted on his own accord to shake things up. During this time, Emanuel would best be classified under Kellerman’s typology as what kind of follower?
A. resource B. participant C. isolate D. activist