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Amiraneli [1.4K]
3 years ago
9

The E Company has sold five million toasters. There have never been any safety problems with the toasters. One toaster, for no a

pparent reason, electrocutes the son of a woman who bought the toaster In a suit against the E Company for the death, the company is likely to be held:______.
a. not liable because one in five million toasters is evidence of high quality, not a safety problem
b. not liable because the toaster was purchased by the woman, not her son, so there is no right to sue
c. not liable because of assumption of the risk, a reasonable person knows that using an electrical appliance could result in injury
d. liable in strict liability based on a manufacturing defect theory e. liable in strict liability based on a design defect theory
Business
1 answer:
Roman55 [17]3 years ago
7 0

Answer: D. liable in strict liability based on a manufacturing defect theory.

Explanation: The company can be held liable based on manufacturing defect theory, if it is proved that it was because of a manufacturing defect on that particular toaster that lead to the dead of the boy.

Since the woman's son was electrocuted by the toaster for no apparent reason the company will be held liable for the dead of the boy.

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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction
Leviafan [203]

Answer:

-5.95%

Explanation:

A = P(1+r)^n

A is the auction price at which the sculpture was sold = $10,331,500

P is the price the sculpture was purchased = $12,417,500

n is the time interval between the year of sales and year of purchase

10,331,500 = 12,417,500(1+r)^3

(1+r)^3 = 10,331,500/12,417,500

(1+r)^3 = 0.832

1+r = (0.832)^1/3

1+r = 0.9405

r = 0.9405 - 1 = -0.0595 = -5.95%

8 0
3 years ago
A change in the relative price of one good versus another will cause a change in marginal product and the allocation of labor re
kakasveta [241]

Answer:

The correct answer is: increase relative to Industry B.

Explanation:

The marginal revenue product measures the conribution of each additional unit of input employed in the production process. It is calculated as the product of price of product and marginal product of input.

The profit maximizing level of wage is when the marginal revenue product of labor is equal to wages.

Suppose there are two goods, A and B respectively.

When the price of good A increases relative to good B, the marginal revenue product of labor employed in production of good B will increase as well.

This will cause the wage rate of those workers to increase in comparison to workers in industry B.

4 0
3 years ago
An investment project provides cash inflows of $570 per year for eight years. What is the project payback period if the initial
vekshin1

Answer:

Invest. Cash Flow   Payback  

-$1,675   $570        2,94  

-$3,275   $570          5,75  

-$4,800   $570        8,42  

Explanation:

The payback period method gives the total time necessary to get back the money invested in a project considering the each year cash flows.

As here the Cash flow are the same each year only it's necessary to divide de amount invested by the annual cash flow expected.

Invest. Cash Flow   Payback  

-$1,675   $570        2,94  = $1,675/$570

-$3,275   $570          5,75   = $3,275/$570

-$4,800   $570        8,42   = $4,800/$570

6 0
3 years ago
Marianna voluntarily gives up her lunch hour to help her colleague who is struggling to finalize an important report. This is an
Licemer1 [7]

Answer:

correct option is E. organizational citizenship behavior

Explanation:

solution

as per given we know that here Marianna help by gives up her lunch hour for colleague

so we can say this is perfect example of organizational citizenship behavior

because

(1) there job satisfaction is more closely related to contribution than to her core job task

(2) in same study also showed it colleague may not have a lot of work experience

(3) it also allows colleague to feel that they have greater control over the work they are doing

so we can say correct option is E. organizational citizenship behavior

4 0
3 years ago
Read 2 more answers
For each of the following pairs of firms, explain which firm would be more likely to engage in advertising.
lions [1.4K]

Answer:

The correct answers are:

a) Family owned restaurant

b) A manufacturer of cars

c) A company that invented a very comfortable razor

Explanation:

First of all, the family who owned a restaurant will be the one that would most likely engaged in advertising due to the fact that they provide a service that has to be known for the people of the community around the place and all the tourists that go that area, meanwhile the other familiy would obviously just sell its products to the better buyer that they could find.

Secondly, the manufacturer of cars would be the one that most likely engaged in advertising due to the fact that they found themselfs in a very competitive and oligopoly market that is the car market and therefore that they highly need to stand out their making them better than the ones from the competitors.

Finally, the company who invented a very comfortable razor would be the one who engaged more in advertising due to the fact that they known they have a better product that the rest of the competitors so they need to take advantage of that and make sure that the consumers know about it and with that they would sell more and therefore invest more in advertising as well.

7 0
3 years ago
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