Cold Stuf,Inc

question 39

Multiple Choice

Cold Stuf,Inc. ,makes snowboards,which it sells to Deep Freeze Sports Store (DFS) .DFS sells Cold Stuf boards to consumers,in?cluding Ed.Ed is in?jured while using the board.In a product liabil?ity suit based on strict li?ability,Ed may recover from

• A)Cold Stuf only.
• B)Cold Stuf or DFS.
• C)DFS only.
• D)no one.

Understand the roles of households and businesses in the market system.

Comprehend how a market system manages business risks.

Grasp the concepts of risk management, including the purpose of insurance.

Differentiate between market and command economies in terms of risk management and economic performance.

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Definitions:

Compounded Semi-Annually

Interest calculation method where interest is added to the principal sum of a deposit or loan twice a year, hence increasing the total amount of interest earned or paid.

Payments

Amounts of money transferred from one party to another as fulfillment of financial or contractual obligations.

Compounded Annually

Interest on an investment that is calculated once a year on the principle plus any previously earned interest.

Individual Retirement Account

A retirement savings plan that offers tax advantages for individuals to allocate funds for their retirement.