One tort reform permits manufacturers to assert that as long as the product conformed to the prevailing technology and production methods at the time it was produced, it cannot be considered a defective product today. This defense is called the
A) collateral source rule.
B) state of the art defense.
C) strict liability defense.
D) privity of contract rule.
Answer: B
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Answer the following statements true (T) or false (F)
1. In the late 1990's, Schwinn Inc. closed all of its bicycle manufacturing plants in China and moved them to the United States. 2. The advent of foreign competition forced Kodak Inc. to go into bankruptcy and to cease operating as a producer of cameras and film. 3. In the United States, tariffs and quotas are commonly used as tools designed to restrict trade among the fifty states. 4. Critics maintain that U.S. trade policies have mainly benefited large corporations rather than the average American citizen. 5. The “Made in America” emblem printed on televisions sold by Element Electronics is intended to inform consumers of its commitment to create quality manufacturing jobs in the United States. 6. Workers sometimes face demands for wage reductions from their employers, which threaten to export jobs abroad if wage reductions are not accepted.
Which agency has the authority to order corrective advertising?
A) Federal Communications Commission B) Federal Trade Commission C) Food and Drug Administration D) Bureau of Alcohol, Tobacco, and Firearms
If a purchasing division can acquire parts from outside suppliers at less than the selling division's incremental costs, it should do so, because this will enhance the company's overall profits
Indicate whether the statement is true or false
______ is the process of influencing employees to work toward achieving objectives.
a. Management b. Performance c. Leadership d. Leading