If an Individual Is Injured by a Defective or Unsafely

question 243

True/False

If an individual is injured by a defective or unsafely designed product, the seller's legal obligation to pay damages is called product liability.

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Definitions:

Budget

An estimate of income and expenditure for a set period of time, often used as a plan for managing finances.

Organizations

Entities composed of individuals and resources, structured to achieve specific goals through a collective effort.

Bureaucratic Control System

A formal system of organization based on clearly defined hierarchical levels and roles, focused on following rules and procedures to manage operations.

Organizational Culture

The collective values, beliefs, and principles of organizational members which give an organization its unique character.