Which of the Following Best Describes the Role of a Product

question 145

Multiple Choice

Which of the following best describes the role of a product steward?

• A)to protect consumers from harm
• B)to develop a new- product concept into a physical product
• C)to evaluate new- product ideas against a set of general criteria
• D)to protect the company from liability by identifying and solving potential product problems
• E)A and D

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Definitions:

Restrictive Covenants

Clauses in a contract or deed that limit how a piece of property can be used, to protect the value of adjacent properties or enforce a particular standard.

Eminent Domain

The authority of a government to take private property for public purposes, providing payment to the property owner.

Zoning

The regulatory process of dividing land into areas with specific uses, such as residential, commercial, or industrial, to control urban development.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," implying that the buyer assumes the risk regarding the quality of the goods purchased, unless they are protected by warranty.