When Planning New Products, Managers Need Not Be Too Concerned

question 154

True/False

When planning new products, managers need not be too concerned about safe design because it is each consumer's responsibility to decide what products are safe to buy and use.

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Definitions:

Ratify

The act of formally approving a contract or agreement, making it officially valid and enforceable.

Unauthorized Act

An action taken without official permission or beyond granted authority, often leading to disciplinary actions or legal consequences.

Partners

The owners of a partnership.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, performed within the scope of their employment or agency.