Which of the following statements regarding product liability is not true?
A) Strict liability is a "no fault" system.
B) One major problem with using negligence for product liability is that the plaintiff must
show some specific act of negligence.
C) Strict liability applies to both physical injury and property damage.
D) Failure to warn about a generally known danger usually will lead to liability.
D
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Telemarketers, retail sales clerks, and new field salespeople often use the need-satisfaction approach during the initial sales presentation
Indicate whether the statement is true or false
On August 1 . a company received cash of $9,324 for one year's rent in advance and recorded the transaction on that day as a credit to rent revenue. The December 31 adjusting entry would include
a. a debit to Rent Revenue for $3,885. b. a credit to Unearned Rent Revenue for $5,439. c. a debit to Unearned Rent Revenue for $3,885. d. a credit to Rent Revenue for $9,324.
The extent to which a product is unlikely to fail or break down best describes
A) reliability. B) conformance. C) serviceability. D) aesthetics.
A competent operations manager should first eliminate all of the bottlenecks from the process
Indicate whether the statement is true or false