Which of the following statements is true about strict liability in tort?
A) Product liability actions based on strict liability in tort focus on the producer or manufacturer.
B) To succeed in a strict liability action, the plaintiff must prove that the defendant did not exercise the degree of care that is reasonably expected under those circumstances.
C) A failure by the manufacturer or seller to adequately warn of a risk or hazard associated with the product can be used by the plaintiff to establish that the product is defective.
D) To be successful in a strict liability action, the plaintiff must prove that the product developed a defect before it was sold.
C
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Which of the following is true of backward-looking market metrics?
A) They are applied simultaneously with financial performance metrics, normally at the end of a reporting period. B) They include relative product and service quality. C) Their purpose is to track customer perceptions and attitudes that precede actual changes in customer behavior. D) They are the indicators of future financial performance. E) The absence of these metrics can result in customer-dissatisfaction problems being undetected.
Caltran, Inc. completed manufacturing Job 445. It included $350 of direct materials cost, $1240 of direct labor cost, and $500 of allocated manufacturing overhead. Which of the following is the correct journal entry needed to record the completed job?
There is a direct relationship between the complexity of a production process and overhead costs
Indicate whether the statement is true or false
What are the express powers of a corporation?
What will be an ideal response?