Which of the Following Is True Regarding the Duty That

question 56

Multiple Choice

Which of the following is true regarding the duty that a business owes to customers?

• A) A business owes no duty to its customers other than to sell safe products.
• B) A business owes an absolute duty to keep its customers safe and is strictly liable for any harm.
• C) A business only owes a minimal duty toward customers.
• D) A business owes a negligence per se duty toward customers.
• E) A business has a duty of care to protect their customers against foreseeable risks about which the owner knew or reasonably should have known.

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Definitions:

GDP

Gross Domestic Product, the total value of all goods and services produced within a country in a given period.

Trade Deficit

A situation where a country's imports exceed its exports over a given period, leading to more money leaving the country than coming in.

Mixed Economy

An economic system combining elements of both capitalism and socialism, with some sectors privately owned and others controlled by the government.

Economy

The system by which goods and services are produced, distributed, and consumed within a particular country or region.