The Sale of a Product with a Known Defect or with Knowledge

question 96

Multiple Choice

The sale of a product with a known defect or with knowledge of its potentially harmful impact on users:

• A) Is illegal.
• B) Is unethical.
• C) Exposes the manufacturer to strict and negligent product liability.
• D) Both b and c

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Definitions:

Standard of Living

The degree of wealth and material comfort available to a person or community.

Aggregate Expenditures

are the total amount of spending on goods and services in an economy at a given level of income during a specified period.

Recession

A phase of short-term economic downturn characterized by decreased trading and industrial output, generally recognized by a drop in Gross Domestic Product across two consecutive quarters.

National Debt

The aggregate financial obligations incurred by a government of a country through borrowing.