Which of the Following Statements Is NOT True

question 116

Multiple Choice

Which of the following statements is NOT true?

• A) Self-promotion is not a substitute for quality products.
• B) Inferior products harm a firm's profitability and a nation's balance of payments.
• C) Product liability transfers from the manufacturer to the retailer once the retailer accepts delivery of the product.
• D) Quality-be it good or bad-will show up in perceptions about a firm's new products, employment practices, and supplier relations.
• E) Legislation such as the Consumer Product Safety Act sets and enforces product standards by banning products that do not reach those standards.

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Definitions:

Mediators

Neutral third parties who assist disputing parties in reaching a voluntary, negotiated resolution.

Problem-Solving Negotiation

Negotiation in which the parties seek to achieve joint gain.

Summary Jury Trial

An abbreviated trial that leads to a nonbinding jury verdict.

ADR Methods

Alternative Dispute Resolution methods, including mediation and arbitration, used to resolve conflicts outside of the traditional courtroom setting.