Perhaps the Most Significant and Controversial of the Defenses to Product

question 24

Multiple Choice

Perhaps the most significant and controversial of the defenses to product liability is the preemption defense,according to which the Supreme Court explained in Mutual Pharmaceutical Co.v.Bartlett the Supremacy Clause makes federal law preemptive.Therefore,state laws:

• A) determine the extent of damages that may be pursued.
• B) apply when they are stricter than federal law,particularly in the case of pharmaceuticals.
• C) govern and regulate the distribution of pharmaceuticals over and above any federal laws.
• D) that conflict with federal law are "without effect."

Understand the break-even concept, including its calculation and implications for business decision-making.

Grasp the significance of cost behavior in managerial decision-making and planning.

Understand various extrinsic rewards and their impact on employee motivation.

Grasp the benefits and limitations of performance-based and skill-based pay models.