A public policy reason for imposing strict product liability on all in the chain of distribution is:
A) Consumers should be able to choose dangerous products if they want to.
B) These parties are able to insure against product liability costs.
C) These parties should be punished for putting dangerous products on the market.
D) Negligence was making it too easy for plaintiffs to recover.
B
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Which of the following statements is correct regarding the predictability of analytical procedures in a financial statement audit?
a. Relationships involving only balance sheet accounts tend to be more predictable than relationships involving income statement accounts b. Relationships involving income statement accounts tend to be more predictable than relationships involving only balance sheet accounts c. Relationships involving transactions subject to management discretion tend to be more predictable than automated transactions d. Relationships in a dynamic environment tend to be more predictable than relationships in a stable environment
A company can learn a great deal by analyzing the degrees of brand loyalty. For example, ________ can
help identify the products' strengths. A) switchers B) split loyals C) antiloyals D) shifting loyals E) hard-core loyals