MacPherson V

question 329

True/False

MacPherson v. Buick Motor Co. introduced the rule of strict liability in tort for consumer products.

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Definitions:

Spending Variance

The difference between the actual and budgeted spending. It is used in budgetary control to identify discrepancies and manage costs.

Travel Expenses

Costs associated with traveling for the purpose of conducting business-related activities.

Customers Served

The total number of customers who have been provided with a product or service.

Spending Variance

The variance between the anticipated budget for expenses and the actual expenditure incurred.