Which of the Following Statements Is True About Strict Liability

question 43

Multiple Choice

Which of the following statements is true about strict liability?

• A) It is imposed for abnormally dangerous activities.
• B) It exempts persons who have not been negligent during the covered activity.
• C) It arises from a liability with fault.
• D) It holds that the public can be protected from any risk of injury if reasonable care is taken.

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Definitions:

Total Overhead Cost

The sum of all indirect costs associated with manufacturing a product or providing a service, excluding direct labor and direct materials costs.

Supplies Cost

The expense associated with purchasing supplies necessary for a company's operations or manufacturing processes.

Planning Budget

A budget designed at the beginning of the budgeting period that is based on a specific level of activity.

Frame

The structural support or skeleton that defines the shape or provides the foundation for a structure or object, such as a building or a piece of machinery.