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stiv31 [10]
4 years ago
6

Strict product liability is the doctrine that the seller of a product has legal responsibilities to compensate the user of that

product for injuries suffered due to a defective aspect of the product, even though the seller has not been negligent in permitting that defect to occur.
Business
1 answer:
Annette [7]4 years ago
3 0

Answer:

The correct answer is A doctrine that holds that the manufacturer of a product has legal responsibilities to compensate the user of that product for injuries suffered because the product's defective condition made it unreasonably dangerous, even though the manufacturer has not been negligent in permitting that defect to occur.

Explanation:

Product liability is the most effective weapon the consumer has against dangerous products. This responsibility can occur at any point in the process of manufacturing or distributing a product. Consequently, the manufacturer, the wholesaler and the seller of the product can share the responsibility of the damages caused by a dangerous or defective product.

A person injured by a dangerous product is required to verify that the product is defective. There are three types of defects that place responsibility on the manufacturers and distributors of a product:

  1. Design: An imperfection or an error in product design made it inherently dangerous. This imperfection existed before the product was manufactured.
  2. Manufacturing: A lack in the manufacturing process caused some products to be defective.
  3. Marketing: The warnings or instructions needed to use a product correctly were missing.
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An example of a possible marketing problem due to political relations between countries is American firms may be disliked in par
lianna [129]

Explanation:

popular vangkee

maaf ya vengkeee

6 0
3 years ago
Coronado Industries wants to sell a sufficient quantity of products to earn a profit of $250000. If the unit sales price is $9,
lyudmila [28]

Answer:

Break-even point in units= 450,000 units

Explanation:

Giving the following information:

Desired profit= $250,000

Sales price is $9

Unitary variable cost= $8

Total fixed costs are $200000

To determine the number of units required, we need to use the break-even point formula, including the desired profit.

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (200,000 + 250,000) / ( 9 - 8)

Break-even point in units= 450,000 units

6 0
3 years ago
Respas Corporation has provided the following data concerning an investment project that it is considering:
Ber [7]

Answer:

$462

Explanation:

The computation of the net present value is shown below:

= Present value of all year cash inflows by considering the salvage value - initial investment

where,

Present value of all year cash inflows by considering the salvage value is

= Annual cash flows × PVIFA factor for 4 years at 15% + Salvage value × discount rate at 4 year on 15%

= $54,000 × 2.855 + $11,000 × 0.572

= $154,170 + $6,292

= $160,462

And, the initial investment is $160,000

So, the net present value is

= $160,462 - $160,000

= $462

We simply applied the above formula to determine the net present value

Refer to the PVIFA table and discount factor table

This is the answer but the same is provided in the given option

4 0
3 years ago
Suppose Bill Gates, founder of Microsoft, is interested in a small software company. He may offer to purchase the stock of this
Alenkasestr [34]

The action taken by Bill Gates in acquiring the shares of a small software company is called a tender offer.

<h3>What is a tender offer?</h3>

A tender offer is a type of offer given by an investor in respect of purchasing the shares of a public entity at a value within a defined period.

When Bill Gates offered to take over the shares of a small software entity at a cost that can attract the share investors to sell them off in the market. This action of Bill Gates tends to initiate a tender offer for the shareowners of the software entity.

Therefore, the tender offer is the action being taken by the founder of Microsoft company.

Learn more about Bill Gates in the related link:

brainly.com/question/1385934

#SPJ1

6 0
2 years ago
An economist is interested in studying the incomes of employees in a particular Silicon Valley firm. The population standard dev
Komok [63]

Answer:

Option C) 1537

Explanation:

We are given the following in the question:

Population standard deviation = $5000

95% confidence interval width = $500

Thus, margin of error = $250

Formula for margin of error =

z_{stat}\times \dfrac{\sigma}{\sqrt{n}}

z_{critical}\text{ at}~\alpha_{0.05} = 1.96

Putting values, we get,

250 = 1.96\times \dfrac{5000}{\sqrt{n}}\\\\n = (1.96\times \dfrac{5000}{250})^2\\\\n = 1536.64\\n \approx 1537

Thus, the correct answer is

Option C) 1537

5 0
3 years ago
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