Alpha Construction uses dynamite to blast stone as part of a road construction project. Despite following best safety practices
for storage and use, some of the stored dynamite explodes unexpectedly, injuring a nearby motorist, Li. If Li sues Alpha, which of the following is accurate? A. Blasting is an ultrahazardous activity, but Alpha is not strictly liable for Li's damages because Alpha showed due care by following best safety practices.
B. Blasting is an ultrahazardous activity, so Alpha is strictly liable for Li's damages even though Alpha followed best safety practices.
C. Blasting is not an ultrahazardous activity, so Alpha cannot be liable for Li's damages.
D. Blasting is not an uitrahazardous activity, so Alpha can be liable for Li's damages only if it proves every element of negligence.
B. Blasting is an ultrahazardous activity, so Alpha is strictly liable for Li's damages even though Alpha followed best safety practices.
Explanation: Under the concept of strict liability, a person or an organisation is liable to the consequences of their actions even when they have followed the best practices and no form of Negligence have been attributed to them or their actions.
BASED ON THE CONCEPT OF STRICT LIABILITY, ALPHA WILL BE HELD LIABLE TO LI'S DAMAGES AND WILL BE EXPECTED TO TAKE THE RESPONSIBILITY FOR WHAT EVER IT COST.
PEST and SWOT are closely related approaches to business analysis. PEST is an acronym that stands for political, economic, social and technological influences on a business. SWOT is a situational analysis tool for company leaders that involves assessing strengths, weaknesses, opportunities and threats.
IRR is the rate at which the NPV equal to zero. Using the CF key on a financial calculator, use the following inputs to solve for Internal Rate of Return (IRR) ;
Initial investment; CF0 = -127,900
Yr 1 cashflow; C01 = 43,800
Yr 2 cashflow; C02 = 40,200
Yr 3 cashflow; C03 = 46,200
Yr 4 cashflow; C04 = 41,800
then compute the IRR by keying in IRR, CPT = 13.00%
