What Is the Practical Issue Surrounding Product Safety

question 60

Multiple Choice

What is the practical issue surrounding product safety?

• A) A product that is safe to use will lower production cost and thus lead to higher profits for the organization.
• B) When users get harmed by a product, they may stop buying, tell others about their experience, or sue the company that made or sold it.
• C) It is ethically wrong for customers to be harmed while using the product as intended.
• D) A safe product has a lower internal risk of development and production.

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Definitions:

Credit Sales

Sales made by a company where the payment is delayed as agreed by both the seller and the buyer.

Cash Sales

Transactions where payment is received by the seller at the same time the buyer receives the goods or services.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Credit Sales

Transactions where goods or services are sold by a business but payment is received at a later date.