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miv72 [106K]
3 years ago
11

Before the case of Macpherson v Buick Motor Car in 1916, the law based liability for injuries due to a defective product on:____

.
A. The principle of striet liability.
B. Whether the manufacturer exercised due care.
C. The doctrine of the reasonable person.
D. The direct contractual relationship between the seller and the consumer.
Business
1 answer:
valina [46]3 years ago
7 0

Answer:

A. The principle of strict liability.

Explanation:

The MacPherson v. Buick Motor Car case in 1916 changed the way product liability would be considered in the US. Strict product liability doctrine states that a manufacturer can be sued not only as a result of their negligent acts, but also for selling defective products. Before that case, privity of contract was required in order for someone to sue a manufacturer, this means that both parties had to engage in a contract. But this case resulted in consumers being able to sue manufacturers even if they did not engage in a contract directly with them. Actually, how many of us buy things directly from a manufacturer? We generally buy goods from retailers, and that is the reason why this case was so important.

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Inventory Valuation under Variable Costing Lane Company produced 50,000 units during its first year of operations and sold 47,30
otez555 [7]

Answer:

1. $5.62

2. $15,174

Explanation:

1. The computation of the cost of one unit of product under variable costing is shown below:-

Total product cost = Direct material + Direct labor + Variable overhead

= $123,000 + $93,000 + $65,000

= $281,000

Unit product cost = Total product cost ÷ Produced units

= $281,000 ÷ $50,000

= $5.62

2. The computation of cost of ending inventory under variable costing is shown below:-

Unsold at end = Unit produced - Unit sold

= 50,000 - 47,300

= 2,700

Cost of ending inventory = Number of units sold × Unit product cost

= $5.62 × 2,700

= $15,174

3 0
3 years ago
On June 1, $50,000 of treasury bonds were purchased between interest dates. The broker commission was $500. The bonds pay intere
timurjin [86]

Answer:

$50,500

Explanation:

The investment treasury bonds account must be debited by $50,500 which includes the face value of the bonds ($50,000) and the broker's commission ($500). Investment accounts only record the purchase price of the bonds, they do not record any accrued interests.

4 0
3 years ago
Alice earned $12 per hour. What equation shows the relationship between her
LenaWriter [7]

<em><u>The equation shows the relationship between her  weekly salary (w), hours per week (h), and rate per hour (r) is:</u></em>

w = h \times r

<em><u>Solution:</u></em>

Given that,

Alice earned $12 per hour

1 hour = $ 12

<em><u>Find the number of hours in 1 week</u></em>

1 day = 24 hours

1 week = 7 days

Therefore,

1 week = 7 x 24 = 168 hours

Let "h" be the hours per week

let "r" be the rate per hour

Let "w" be the rate per hour

From given,

r = $ 12

h = 168 hours

weekly salary = hours per week x rate per hour

w = h \times r

w = 168 \times 12\\\\w = 2016

Thus, she earns $ 2016 for 1 week

5 0
3 years ago
Read 2 more answers
the initial business model of the ocean house focused on investing in the development of its staff in the early years before rai
tankabanditka [31]

Answer:

Strategic Human Resources Management

Explanation:

Strategic human resource management is the process of ensuring that employees are attracted, developed, rewarded and retained in order to maximize benefits not only for the employees alone but also for the whole organization.

Strategic human resource management is practiced in such a way that the goals of human resource department and the rest of the organization are in the same direction of ensuring organisational success. This is done by ensuring the best employees required by each department in the organisation are recruited as at when needed, provided adequate training and duly motivated. Therefore, strategic human resource management renders support to the organizational success.

Advantages of Strategic human resource management include high customer satisfaction rates, rise in job satisfaction, increased productivity, allows resources to be managed efficiently, and among others.

All the best.

7 0
3 years ago
There are 3 things to consider to help you gather the information needed: target you audience, determine the purpose and stand o
fomenos

Answer:

True

Explanation:

I'm 50% sure :)

8 0
2 years ago
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