Which of the following statements is true about product safety and liability laws?
A. There are no criminal product liability laws—only civil product liability laws exist.
B. Liability laws are typically most extensive in less developed nations.
C. A boom in product liability suits and awards in the United States resulted in a dramatic decrease in the cost of liability insurance.
D. Product liability can be much greater if a product does not conform to required safety standards.
E. If product safety laws are tougher in a firm's home country than in a host country, the ethical thing to do is to adhere to host-country standards.
D
Product liability can be much greater if a product does not conform to required safety standards.
You might also like to view...
If an on-the-run issue for an issuer is evaluated properly using a binomial model, how would the theoretical value compare to the actual market price?
What will be an ideal response?
Yvette was recently hired as a restaurant manager for McDonald's and must attend classes at Hamburger University. This is an example of the programmed learning approach
Indicate whether the statement is true or false