Businesses Must Be Aware of ______

question 114

Multiple Choice

Businesses must be aware of ______.Which is the legal responsibility of manufacturers,wholesalers,and retailers to the buyers or users for the damages or injuries caused by the use of their defective products.

• A)tort law
• B)injury laws
• C)product liability
• D)warranty law

Understand the use of social networks and technology in job search strategies.

Recognize common mistakes in résumés and cover letters.

Identify industries with high employment potential.

Acknowledge the benefits of having a mentor in career development.

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Definitions:

Credit Side

The credit side of an account is where increases in liabilities, equity, and revenue accounts are recorded, as well as decreases in asset and expense accounts.

Dividends Account

An account used in bookkeeping to track dividends declared by a company to be paid out to its shareholders.

Debit

A bookkeeping record that leads to a rise in a company's assets or a fall in its liabilities on the balance sheet.

Debits

Accounting entries that increase an asset or expense account, or decrease a liability or equity account, recorded on the left side of an accounting ledger.