Which of the Following Statements Is INCORRECT

question 61

Multiple Choice

Which of the following statements is INCORRECT?

• A)Courts generally recognize a mistake of fact defense in general-intent crimes only if the mistake is a reasonable one.
• B)An unreasonable mistake may be asserted as a defense to a specific-intent crime.
• C)A bona fide mistake of fact is generally considered a defense to a strict liability offense.
• D)At common law a defendant who made a bona fide mistake of fact could defend on that basis.

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Definitions:

Target Costing

A method of price setting that combines market-based pricing with a cost-reduction emphasis; the target cost is the expected selling price less the desired profit.

Marketplace

A platform or environment where buyers and sellers engage in exchange of goods and services. It can be physical or digital.

Target Cost

A pricing strategy in which a company sets a cost for a product and works backwards to achieve that cost through design and manufacturing improvements.

Profit Margin

The ratio of operating income to sales.