A Retail Store

question 65

Multiple Choice

A retail store:

• A)has no duty to protect customers from criminal conduct by third parties.
• B)owes its customers duties as licensees.
• C)owes its customers duties as invitees.
• D)need not protect its customers against problems it has knowledge of.

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Definitions:

Incentives

Factors, usually financial or material rewards, that motivate individuals or firms to act in a certain way.

OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of oil-producing countries that coordinates and unifies the petroleum policies of its member states.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefit to society or achieves a desired outcome effectively.

Equitable Allocation

The fair and just distribution of resources among different groups or individuals.