Which of the Following Is True of Product Liability

question 215

Multiple Choice

Which of the following is true of product liability?

• A) Product liability is a consideration, but it's not important until the development stage of the new-product development process.
• B) Relative to most other countries, U.S. courts enforce a very strict product liability standard.
• C) Sellers are usually not held responsible for injuries related to their products especially when the items are well designed.
• D) None of these statements is true.

---

Definitions:

Public Debt

Money that is owed by a government to creditors within the country or externally, arising from borrowing to finance expenditures exceeding tax revenues.

Budget Deficits

The amount by which government spending exceeds its revenue over a specified period, leading to a need for borrowing or currency printing.

Federal Budget Deficit

The shortfall when a government's total expenditures exceed its total revenue for a specific fiscal period, leading to borrowing or the depletion of reserves.

National Debt

The cumulative sum of money borrowed by a country's government through different channels.