Someone Who Is Injured by a Product That He/she Purchased

question 75

Multiple Choice

Someone who is injured by a product that he/she purchased new could recover on the basis of:

• A)Breach of warranty.
• B)Breach of warranty or negligence.
• C)Breach of warranty or strict liability.
• D)Negligence or strict liability.
• E)Breach of warranty,negligence,or strict liability.

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Definitions:

Participative Management

A management style in which employees at all levels are encouraged to contribute ideas towards identifying and solving problems, making decisions, and setting goals.

Jack Stack

A business leader and author known for pioneering the concept of open-book management and the principle of teaching employees about finance and business strategies.

Psychological Size

The perceived power one person has over another; the ability to make others feel weak and dependent; the ability to determine careers, decide wages, and make job assignments; an important concept for people in authority positions. The abuse of psychological size results in resentment and rebellion, or apathy and dependence, whereas the effective use of psychological size results in maximum morale and productivity.

Open-Book Management

A business strategy that involves sharing financial and operational information with employees to involve them more in decision-making and improve business results.