A Defect in Manufacture Occurs When a Manufacturer Fails to ________

question 80

Multiple Choice

A defect in manufacture occurs when a manufacturer fails to ________.

• A) design a product that is safe for users
• B) adequately check the quality of a product
• C) warn customers about the possible dangers of the product
• D) provide proper packaging for the products

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Definitions:

Sales

The total revenue generated from goods or services sold by a company within a specific period.

Capital Gains

The income gained when the selling price of assets such as stocks, bonds, or real estate surpasses their original buying price.

Economic Growth

An increase in the production of goods and services in an economy over a period of time.

Short-Term Capital Gain

Profit from the sale of an asset held for less than a year, subject to tax at ordinary income tax rates.