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Setler [38]
3 years ago
14

In order to prevail in a lawsuit based upon strict liability in tort for personal injuries resulting from the use of a defective

product, one of the elements the plaintiff must prove is that the seller (defendant): (Accounting majors please note this is a previous CPA exam question)
A. Was engaged in the business of selling the product.
B. Failed to exercise due care.
C. Defectively designed the product.
D. Was in privity of contract with the plaintiff.
Business
1 answer:
Anarel [89]3 years ago
4 0

Answer:

The correct answer is letter "C": Defectively designed the product.

Explanation:

To prevail a claim on product liability, plaintiffs must present clear proof. Two aspects must be reviewed about the proofs so that the position of the plaintiff can be solid: The first of them is what kind of proofs are needed. It will depend on the state where all the issues took place. The second is what kind of recovery theory will be used to expose the proofs. Among the most common we can identify <em>Negligence, Tortious misrepresentation, and Warranty Breach</em>.

In that sense, option "C" is correct because if a given company defectively designed a product though they started to sell it (<em>negligence</em>), it will have liability in the case there was a personal injury in the person who used that product (<em>plaintiff</em>).

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Which of the following is NOT a differentiator between manufacturing and service operations? A. Transportation B. Customer conta
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Answer: D) Cost per unit

Explanation:

In terms of manufacturing field, where the goods are manufactured, service operation is the process which workers manage and control demand of customers after getting training from operation manager.

Cost per unit is not the factor that acts as differing agent between manufacturing  process and service operation because it is a part of the process which is handled by workers .

Other options are incorrect because transportation, contact of customer and resale are the factors that contrast the manufacturing service and service operations.Thus, the correct option is option(D)

5 0
3 years ago
Following the 2007-2009 financial crisis, many people feared that Greece might leave the euro and resume using the drachma. If t
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Answer:

A medium of exchange

Explanation:

A medium of exchange is a system where it is used to facilitate the sale, purchase, trading of the products & services between the parties

Since in the given situation,  it is mentioned that the seller would not willing to accept the drachma in exchange of goods & services so here the drachma would not be served as a medium of exchange

hence, the same would be relevant

7 0
2 years ago
The United Kingdom started regulating the size of grocery stores in the early​ 1990s, and​ today, the average size of a typical
Svetradugi [14.3K]

Answer:

C. The​ long-run average cost of production for U.K. grocery stores is lower if there are diseconomics of scale.

Explanation:

The diseconomy of scale is called the effect that occurs in the costs of a given production. These effects generate increasing costs for the company for each unit of product that is manufactured. Specifically and technically, a diseconomy of scale occurs when a percentage increase in production is less than the percentage increase in inputs.

Since the size of the grocery stores decreases, the average costs decreases. So, The​ long-run average cost of production is lower when there are diseconomics of scale.

Hope this helps.

0 0
3 years ago
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Answer:

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Here, the case is money receipt is recorded twice, and requirements to book revising passage. Necessities to examine about the section, and need to cross check with money equalization and deals balance, Cash receipt number etc.to ensure this is a real case and ensure no fraud is occurring.

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3 years ago
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