Assume a State Has a Criminal Statute That Punishes "Every

question 87

Multiple Choice

Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at short measure." Chris, an employee of Watkins Fencing, Inc. within that state, intentionally sells wire fence to Nowton Construction at short measure. Watkins:

• A) may be held criminally liable for Chris's act even if Watkins did not authorize this action.
• B) will only be held liable if Chris is a managerial employee.
• C) cannot be vicariously liable for Chris's action unless Watkins directed, participated in, or approved of the act.
• D) will not be vicariously liable for Chris's action if it was not authorized because the element of mental fault is missing on the part of Watkins.

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Definitions:

Product Development

is the complete process of bringing a new product or service to market, from idea generation and design to prototype testing and eventual launch.

Market Development

The strategy of entering new markets or segments to expand the customer base for existing products or services.

Diversification

A strategy of expanding into new markets, products, or services to reduce risk and increase opportunities for growth.

Market Penetration

A quantification of the volume of sales or adoption rate of a product or service as compared to the entire theoretical customer base for that item.