Which of the following is true of a contract with the no-arrival, no-sale term?
A) The buyer bears shipping costs and the risk of loss during transport.
B) The seller does not have to deliver replacement goods to the buyer in case of damages.
C) The seller does not have to bear the expense and risk of loss of the goods during transportation.
D) The buyer has to arrange for the shipment to be handed over to a carrier.
B
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A well-run team is usually ______.
A. inflexible B. productive C. disgruntled D. dysfunctional
All manufacturing costs that are assigned to completed (but unsold) products should be classified as
a. materials inventory costs. b. overhead costs. c. work in process inventory costs. d. finished goods inventory costs.
User-driven innovation is often resisted by companies for many reasons. Which one of the following is NOT one of those reasons?
a. Companies believe customers lack the skill base that the product requires. b. Companies believe customers lack sophisticated knowledge. c. Companies believe it gives customers too much power. d. Engineers view customer innovators as rivals who undermine or challenge their creativity. e. Customers come up with great ideas that the company may not have thought of.
Little Bobby, 5 years old, finds his older brother's "Extendo Sword," which is a toy sword that
springs from one foot long to five feet long when a button is pushed on the handle. His mother tells Bobby to put the sword down because he will put someone's eye out if he's not careful. Bobby pushes the button when the sword is pointed toward his face and, just as all properly functioning "Extendo Swords" do, the sword sprang out. Bobby is injured, and under products liability, his parents sue the toy store that sold them the toy. Bobby's parents will most likely: A) Win on the basis of a manufacturing defect. B) Lose if the defendant can show that the sword was a state of the art design. C) Win on the basis of a design defect. D) Lose because of Bobby's contributory negligence; Bobby played with the sword after being told not to. E) Lose if they cannot prove negligence on the part of the toy store.