INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 18

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The first thing you need to determine in order to reach an investment goal is the [rate of return you can receive | the amount of money you need to set aside periodically].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Strict Product Liability

A legal doctrine that holds manufacturers, distributors, or sellers liable for damages caused by defective products, regardless of fault or negligence.

Strict-Liability Action

Legal action where the defendant is held liable for damages without the need for proof of negligence or fault.

Defective

Referring to a product or good that is flawed or imperfect, failing to meet the required standards or expectations.

Unreasonably Dangerous

Refers to a condition or aspect of a product that poses a risk of harm to consumers or users beyond what would be expected by the ordinary user.