Which of the Following Is True of Coverage Under the Strict

question 24

Multiple Choice

Which of the following is true of coverage under the strict liability clause?

• A)Some states limit strict liability recovery to new goods.
• B)Coverage generally extends only to property damage.
• C)Proof of actual fault is necessary to determine coverage.
• D)The courts have made strict liability to exclusively cover design and warning defect cases.

Understand the definition and components of direct labor in manufacturing.

Identify and differentiate between direct materials and indirect materials within manufacturing costs.

Comprehend the composition and calculation of product costs.

Distinguish between different types of manufacturing costs, including factory overhead.