The Long Bow Manufacturing Co makes various sporting goods products including skateboards and sells directly to retailers. After purchasing and using a skateboard from Long Bow, Lester, age 18, was injured and wished to sue for her injuries. She decided to sue Long Bow on the basis of negligence. Would this theory provide her the best chance of winning her case?
No. Proving specific acts of negligence on the part of the manufacturer (generally the defendant in a product liability case) is too difficult since it could involve an on site investigation at the home office plant where the skateboards are produced. If you recall, the steps in a negligence action take you through several stages of proof. The best theory to use as a basis for recovery in a product liability case is strict liability.
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Answer the following statements true (T) or false (F)
1. The Internet is not considered a form of media. 2. Most media-outlets in Canada are owned by private-sector enterprises. 3. In recent years, according to this textbook author, business has taken on increased respectability in the media. 4. Social media is an online technology that people use to share opinions, insights, experiences, and perspectives. 5. Libel chill refers to the reluctance by business to share information with the media.
In which of the following ways does an unconscious ethical dilemma differ from a conscious one?
a. In an unconscious ethical dilemma, you are not aware of the moral issue occurring. b. In an unconscious ethical dilemma, you know the action you are taking is wrong. c. In an unconscious ethical dilemma, you know an action is right, but you are very tempted to do what is wrong. d. In an unconscious ethical dilemma, you are aware a decision is a moral issue, but others are not.
Which of the following statements is false?
a. The Statement of Cash Flow helps a company to determine whether or not budgeted cash flows are consistent with the company's strategic plan. b. Budgeted COGS statements are prepared by manufacturing companies but not retailers or service companies. c. When preparing budgeted financial statements , the income statement must be prepared before the Cost of Goods Manufactured Statement(COGM). d. Budgeted financial statements are the last step in the budgeting process.
To prepare yourself mentally for a meeting,
a. practice looking confident and interested. b. review the agenda. c. find a quiet place to relax for five minutes before the meeting begins. d. none of these choices.