Which of the Following Statements Is True of Strict Products

question 51

Multiple Choice

Which of the following statements is true of strict products liability?

• A) It only applies to the sale of unreasonably dangerous defective products.
• B) A product does not need to be defective for strict product liability to be applicable.
• C) It does not apply to commercial sellers.
• D) It is applicable only when a product has more than one usage.
• E) It protects businesses from economic losses due to defective products.

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Definitions:

Change Issues

Challenges that arise during the process of making alterations to business operations or strategy.

Environmental Issues

Various concerns related to the preservation and protection of the environment including pollution, climate change, and natural resource depletion.

Organizational Change

Relates to the process through which companies undergo transformations in structure, strategies, processes, or culture to address internal and external challenges.

Economic Level

Refers to the extent of wealth, resources, or fiscal health of an entity or region, often measured in terms of gross domestic product (GDP), income, and unemployment rates.