Which of the Following Does NOT Need to Be Established

question 30

Multiple Choice

Which of the following does NOT need to be established in order for a manufacturer to be liable for defective goods?

• A)A person is injured.
• B)The goods have a safety defect.
• C)The injury was foreseeable.
• D)The manufacturer supplies goods in trade or commerce.

---

Definitions:

Accounts Receivable

Accounts receivable is the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Current Asset

Resources anticipated to be changed into cash, disposed of, or used up either within a year or over the course of the business's usual operational cycle, depending on which timeframe extends further.

Revenue

The total amount of income generated by the sale of goods or services related to a company's core business activities.

Net Income

The total profit of a company after all expenses, including taxes and operating expenses, have been subtracted from total revenue.