Which of the following is true with regard to strict liability?
a) The rationale for strict liability is "to insure the manufacturers against unfair competition."
b) Under strict liability the concept of fault is irrelevant and negligence is not required.
c) A defense that a firm used state-of-the-art design is likely to prevail when a standard of strict liability is applied.
d) Strict liability does not apply to manufacturing defects.
B
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During the year, a company incurred $520,000 of manufacturing overhead costs and allocated $480,000 of manufacturing overhead costs
At year-end, the adjustment entry needed to adjust the Manufacturing Overhead account balance to zero will include a debit to Cost of Goods Sold. Indicate whether the statement is true or false
Extrinsic motivators (e.g., salary, benefits) are expected, so they ________ motivation when they are missing. Intrinsic motivators (e.g., challenging work, growth potential), ________ motivation when they are available.
Fill in the blank(s) with correct word.