A Consequence of Strict Liability Is That Companies Are Sometimes

question 22

True/False

A consequence of strict liability is that companies are sometimes hesitant to introduce new or innovative products because of the fear of liability lawsuits.

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Definitions:

Confidence

The feeling of self-assurance arising from one's appreciation of one's own abilities or qualities.

Pessimistic Attitude

A mindset characterized by the expectation that negative outcomes will generally prevail over positive ones.

Self-serving Bias

The common habit of a person crediting themselves for positive outcomes or successes but attributing failures to external factors.

Reciprocal Determinism

A concept in social cognitive theory that suggests an individual's behavior is both influenced by and influences their personal factors and the environment.