Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider: The expectations of the ordinary consumer.
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Explanation:</u></h3>
The disputes that are related to any legal sections regarding the liability of the products are subjected to a consumer expectations test. The main purpose of the conduction of this test is to ensure that the product is properly manufactured and the defectiveness in the warning information of that particular product.
A product will be concluded to be defective under this test when a consumer finds that the product is defective. In the given example, Verna files a product liability suit against Wideload, regarding the defects associated with the design. Thus, the court may consider The expectations of the ordinary consumer for making it liable.
Answer:
The statement is: True.
Explanation:
Bankruptcy<em> </em><em>is the legal state of a person or company which has become permanently insolvent or, in other words, incapable of repaying unpaid debts on time.</em> Although there are several forms of bankruptcy filings, this procedure is intended to determine a structured and equitable settlement of debt obligations.
Bankruptcy proceedings may start with a petition filed by a borrower or when a petition is filed on behalf of a company's creditors.
Answer:
Informational
Explanation:
informational role of mangers in involves the manager being a monitor, dissemination and spokeperson.
Monitor : it involves gathering information about the state of an organization and the issues affecting it, such information could be internal or external.
Disseminator : involves receiving important information as well as disseminating such information when and if required.
Spoke person : Representing the organization both internally and externally.
Answer:
correct option is C) 400
Explanation:
given data
selling cost = $20
Fixed costs = $4,000
variable cost = $10
to find out
how many tickets sell
solution
first we get here contribution per unit that is express as
contribution per unit = selling cost - variable cost .................1
contribution per unit = $20 - $10
contribution per unit = $10
and
so breakeven unit will be here as
breakeven unit = .............2
breakeven unit =
breakeven unit = 400 ticket
so correct option is C) 400
Answer:
The correct word for the blank space is: a joint venture.
Explanation:
In a joint venture, two or more businesses agree to contribute to capital and resources for a common project. Usually, developers, manufacturing companies, and service providers agree to produce a good. If successful, those parties split the profits based on the value of their respective contribution to the joint venture.