In the Case of a Product Where the Risks Are

question 31

Multiple Choice

In the case of a product where the risks are open and obvious,many courts hold that:

• A) buyers must register a complaint with the seller.
• B) strict liability must be applied.
• C) the case will be covered under section 402A.
• D) there is no duty to warn.

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Definitions:

Demand Uncertainty

The unpredictability of consumer demand for a product or service, making planning and forecasting challenging.

Exchange Rates

The value of one currency for the purpose of conversion to another.

Simulation Methods

Techniques used to imitate the operation of real-world processes or systems over time to study their behavior and performance.

Evaluating Decisions

The process of analyzing and reviewing choices to determine their effectiveness and impacts before or after they are made.