A Company That Is Held Responsible for the Damage Caused

question 67

Multiple Choice

A company that is held responsible for the damage caused by its product in proportion to its percentage of industry sales is subject to

• A) strict liability.
• B) absolute liability.
• C) relative liability.
• D) market share liability.

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period, typically reflected as a percentage increase in real GDP.

Doubling Inputs

When the quantities of all inputs used in the production process are increased by the same proportion.

Foreign Direct Investment

is an investment made by a firm or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Foreign Portfolio Investment

Investment in financial assets from another country, such as stocks or bonds, without direct control over the businesses.