Digital Video Recorders (DVRs)were Introduced to the Market in 1999,and

question 228

Multiple Choice

Digital video recorders (DVRs) were introduced to the market in 1999,and new technology has allowed for the cost of manufacturing the recorders to decline significantly since the initial introduction.How did this change in technology affect the market for DVRs?

• A)The new technology caused an increase in the supply of DVRs and a decrease in price of DVRs.
• B)The new technology caused an increase in the supply of DVRs and an increase in price of DVRs.
• C)The new technology caused an decrease in the demand for DVRs.
• D)The new technology caused an increase in the quantity of DVRs supplied.

Differentiate between the various defenses available in product liability cases.

Analyze the impact of statutory limitations on product liability claims.

Interpret how courts determine liability in negligence and warranty breach cases.

Identify the factors courts consider in assessing the enforceability of remedy limitations and disclaimers.

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Definitions:

Net Cash

The amount of cash available after subtracting cash outflows from cash inflows.

Salaries Payable

Liabilities representing the amounts owed to employees for work performed but not yet paid by the end of the accounting period.

FASB

The Financial Accounting Standards Board, an organization that establishes financial accounting and reporting standards in the United States.

Operating Activities

Business actions directly related to its primary operations, including production, sales, and delivery of services, generating the majority of a company's cash flow.