With Strict Liability,an Injured Consumer Would Have to Show That

question 42

True/False

With strict liability,an injured consumer would have to show that the firm could foresee a potential injury that might occur and then decided not to act on that knowledge.

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Definitions:

Fixed Assets

Assets with a useful life extending beyond one year, used in the operations of a business, such as property, plant, and equipment.

Corporate Financial Planning

Involves the development of long-term operational plans for a company, ensuring adequate funding and maximizing shareholder value.

Forecasting

The process of making predictions of the future based on past and present data and analysis of trends.

Business Strategy

A plan of action designed by organizations to achieve defined goals, compete in the market, and improve financial and market performance.