Products that are customized or otherwise changed after their manufacture and before they are sold to consumers are:
A. not subject to products liability claims
B. subject to product liability claims
C. subject to claims for negligence
D. a and c
Albert tells Alma: "I would probably sell you my camera for $50." Alma responds, "I might well buy your camera for $50." Under these facts:
A. Albert's statement constitutes a valid offer
B. Alma's statement constitutes a valid acceptance
C. a valid contract is formed
D. all of the above
E. none of the above
Answers
Products that are customized or otherwise changed after their manufacture and before they are sold to consumers are subject to product liability claims.
So, the correct answer is B.
Product liability claims relate to the legal liability of manufacturers or sellers of goods for damages or injuries caused by defects in the products they sell. Manufacturers and sellers of goods are responsible for ensuring that their products are free of defects and that they are safe for consumers to use.
Products that are customized or otherwise changed after their manufacture and before they are sold to consumers are still subject to product liability claims because the liability of the manufacturer or seller extends to all products that they sell, regardless of whether they have been modified. It is important to note that, in some cases, the liability of the manufacturer or seller may be reduced if the consumer who modified the product was responsible for causing the defect that resulted in the injury or damage.
However, in most cases, the manufacturer or seller will still be liable for any harm caused by the product, regardless of whether it has been modified or not.
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Related Questions
Which of the following motivators is the most basic need in Maslow's hierarchy? A. Safety B. Belonging C. Physiological D. Esteem E. Self-actualization
Answers
The most basic need in Maslow's hierarchy is Physiological needs. Option C is the correct answer.
In Maslow's hierarchy, physiological requirements are the most fundamental. For physical survival, people require certain necessities. Air, food, water, clothing, warmth, sleep, and health are a few examples.
Your body cannot operate normally if you don't meet these demands. Because you can't meet the other requirements until your physiological ones are met, they are regarded as being the most important. At this level, a person's natural will to survive serves as their motivator.
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Omar and Patrick sell magazine subscriptions by telephone. Omar is paid $1.00 for every 5 calls he makes, while Patrick is paid $1.00 for every subscription he sells. Omar is paid on a __________ schedule while Patrick is paid on a __________ schedule.
Answers
This means that Omar is paid on a fixed ratio schedule while Patrick is paid on a variable ratio schedule.
What are fixed ratio and variable ratio?Fixed Ratio refers to a reinforcement schedule, which make use of reinforcement after the completion of number of responses. This means that each time a response is received, there is reward for each of the completed task.
For Variable ratio, there are unpredictable responses even when the responses have been reinforced. Each time a person performs a behaviour, the reinforcement is not distributed.
Hence, Omar is paid on a fixed ratio schedule while Patrick is paid on a variable ratio schedule.
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how can we build up strong analytical skill discuss
Answers
Answer:
hope help you
Explanation:
Here are several ways you can improve your analytical skills:
Read more. An important part of being analytical involves being alert and remaining stimulated. ...
Build your mathematical skills. ...
Play brain games. ...
Learn something new. ...
Be more observant. ...
Join a debate club. ...
Take an exercise class. ...
Keep a journal.
1. An employee contributes $2400 per year to her retirement for 30 years at 3%. What is the future value of the annuity after 30 years?
2. Explain why the present value of the annuity is not $10,000.
Answers
1. The future value of the annuity after 30 years is approximately $122,154.44.
2. The present value of the annuity is not $10,000 because it accounts for the time value of money and discounts future cash flows to their present-day value.
1. The future value of the annuity after 30 years can be calculated using the formula for the future value of an ordinary annuity: FV = P * [(1 + r)^n - 1] / r, where P is the annual contribution, r is the interest rate per period, and n is the number of periods. Plugging in the values,
FV = $2400 * [(1 + 0.03)^30 - 1] / 0.03, the future value is approximately $122,154.44.
2. The present value of an annuity represents the current worth of the future cash flows. In this case, the present value of the annuity is not $10,000 because the present value takes into account the time value of money, which means that money today is worth more than the same amount in the future due to the potential to earn interest or returns.
Therefore, the present value of the annuity will be less than the future value, as it discounts the future cash flows back to their present-day value.
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Step 1
You have been asked to help a business carry out a risk assessment. The owner isn’t too familiar with what he has to cover and which areas of the business should be considered. You need to create a simple plan for him to follow during the actual assessment. Your plan will cover the different aspects of risk assessment, such as business threats or financial risks and include examples of potential risks that may exist and affect the business in question. With your plan, the owner should be able to perform a thorough risk assessment later.
Step 2
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance. Be sure to mention important factors such as the influence of the business’s location, the number of employees, and the industry they are in.
Answers
The aspects of the risk management would be:
identification of risksrisk management planthe monitoring and the review of the planWhat is to be done in order to access the aspects of the risk?Here is a simple plan for conducting a risk assessment:
Identify the potential risks: This includes identifying the different types of risks that may affect the business, such as operational risks, financial risks, and compliance risks. Examples of potential risks include natural disasters, data breaches, and changes in government regulations.
Assess the likelihood and impact of each risk: Evaluate the likelihood of each identified risk occurring and the potential impact it would have on the business. This will help prioritize which risks need to be addressed first.
Develop a risk management plan: Based on the likelihood and impact of the risks, develop a plan to address and mitigate them. This can include putting in place preventative measures, such as implementing security protocols to prevent data breaches, or creating a disaster recovery plan to address natural disasters.
Monitor and review the plan: Regularly review and monitor the effectiveness of the risk management plan and update it as needed to ensure it remains current and effective.
Communicate and educate: Communicate the risk assessment plan and any identified risks to employees, stakeholders, and other relevant parties, and provide training and education to ensure they understand their role in implementing the plan.
It's also important to have a professional help you with the risk assessment, since there are many standards and regulations that you need to comply with.
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Milton friedman believed that free market capitalism was the ultimate expression of individual liberty, and he has found a receptive audience ever since. Identify the libertarian conservative ideals that grew increasingly prominent in the 1950s.
Answers
The libertarian ideals Friedman advocated for in ‘Capitalism and Freedom’ include a free market, a free-floating exchange rate, a uniform flat tax, ending the mandatory licensing of physicians, and the introduction of a system of vouchers for school education. Friedman argues for economic freedom as a precondition for political freedom.
The smashed tomato and the violent red splatter on the wall are a clear indication of anger and opposition to school integration.
Although it was a nationwide phenomenon, 1950s suburbanization gathered its greatest momentum in the West. Although Americans in the 1950s grew more intensely religious, fewer than ever were affiliated with religious institutions.
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Does QuickBooks Online Plus provides project profitability tracking?
Answers
Track the financial success of your project using QuickBooks Online projects.
Which version of QuickBooks Online offers profitability tracking?Track the financial success of your project using QuickBooks Online projects .From a single dashboard, you can add project income, expenses, and labor expenses, add previous transactions to new projects, and run project-specific reports.
Accountant and QuickBooks Online Plus are the only two products that support projects. With the additional ability to handle inventory and track profitability by project, QuickBooks Online Plus offers you the features of Simple Start and Essentials.
In addition to a few additional features with increased operation, QuickBooks Online Advanced has all the capabilities of QuickBooks Online Plus.You'll probably need to upgrade to Advanced as your firm develops.In contrast to Plus, which has a maximum user capacity of just 5, it supports up to 25 users.
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The W-2 form is a form that tells you______.
1) how often you will be paid.
2) how much Texas you’ve paid in the last year based on how much you’ve earned.
3) how much taxes to withhold from your paycheck
4) how much taxes you owe to the federal government.
Answers
Answer:
2) how much Texas you’ve paid in the last year based on how much you’ve earned.
Explanation:
A W-2 form is a document showing the amount of money that an employee earned in a particular year and the amount of taxes withheld. The form is prepared by the employer and presented to each employer and the tax authorities.
Employees use the W-2 form to file their income tax and FICA taxes, while the tax authority uses the form to track down employee's tax obligations.
The application of scientific knowledge to the development and improvement of goods and services is generally referred to as ______. Multiple choice question. technology information production
Answers
Answer:
Technology.
Explanation:
As the definition is seen above, these qualities are directed towards technology. Technology has advanced produce and sales of goods and services a lot. It shows itself in fastening and making production easier. And also in different other forms that come as advertising, E-commerce, communication etc. Orders of certain goods are been sent thousands miles away from the producing country and are seen to be received safe and sound at the other end of the purchase country. Also adverts can be seen of a Chinese product in far away Africa through television commercials and also internet.
Store Policies that are open to interpretation by store employees
a) Customer satisfaction
b) Government law
c) Safety
d) Liability of product
Answers
Answer:
a) Customer satisfaction
Explanation:
6. Hope's contribution to her RETIREMENT plan...
Answers
Based on Hope's check, her contribution to her RETIREMENT is pre-tax and therefore not included in federal income taxes.
What does the check say?
The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
Federal income taxes- There are seven federal tax brackets for the 2022 tax year: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your filing status and taxable income determine your tax bracket.
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which of the following is the features of memorandum. (a) no salutation (b) dear ma/sir (c) it contains letter headed paper (d) it contains e-mail
Answers
Answer:
(c) it contains letter headed paper
Explanation:
A memorandum can be referred to as it's short form called a Memo. A memorandum is an official means of communicating internally with the staff or employees of an organization about the day to day running or operations of such an organization.
Features of a Memorandum ( Memo) includes:
a) It is always typed or written on the company's letter headed paper.
b) It includes the person or persons who the memo is been addressed to
c) It includes the name and signature of person writing the memo.
d) Subject or title of the memo.
e) Information about the subject of the memo.
Anyone who has the power to sway or persuade others, especially via their opinions and posts on a specific topic, market or industry, is known as a/an:
А
sharer
B
participant
С
contributor
D
influencer
Answers
What is the difference between traditional manufacturing and a cottage
industry?
A. Manufacturing is done on a lower scale.
B. Manufactured products are better quality.
C. Manufactured items are worth more.
D. Manufacturing is done on a larger scale.
SUBMIT
Answers
Answer:
its a D
Explanation:
The difference between traditional manufacturing and a cottage industry is manufacturing is done on a larger scale. Thus, option D is correct.
What is cottage industry?A cottage industry is a small manufacturing company run by an individual or family, usually from their house rather than a specially constructed facility. The minimal expenditure needed to launch a cottage industry serves as its defining characteristic.
They frequently concentrate on making labor-intensive goods but have a tough time competing with manufacturers of mass-produced goods who operate factories. The original cottage industries in the U.S. and Europe were light manufacturing businesses that performed subcontracted work in shoemaking, minor metal machine components, textile or garment production, or stitching. These small-scale companies frequently used raw materials provided by the contract supplier to make final goods.
Therefore, we can conclude that option D is correct.
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WILL MARK BEST ANSWER BRAINLIEST
Write a professional email using the following scenario:
The manager is going to a conference in another city. She would like her assistant to book the flight and hotel.
Answers
A professional email based on the given scenario would sound like the following:
To: Assistant
From: Manager
Subject: Flight and Hotel Booking for Chicago
Date: January 28, 2022
Hi,
Please book my flight and hotel reservations for the upcoming conference in Chicago from February 7, 8:00 am to February 11, 2022 (5:00 pm).
Do not forget the company's favorite airline and hotel for the bookings.
Regards,
Tony
Thus, while the email sounds professional, it may be more conversational than formal since it is a workplace request.
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if 2022 murano’s available intelligent climate control starts in automatic defrost mode, what other features, if equipped, are also activated?
Answers
It should be noted that when the 2022 murano’s available intelligent climate control starts, the other features that start as well include the head steering wheel and the heated outside mirrors.
When the Murano vehicle is started with the remote engine with intelligent climate control will lead to the starting of the climate control temperature, fan speed, air circulation mode, etc.
When the 2022 murano’s available intelligent climate control starts, the other features that start as well include the head steering wheel and the heated outside mirrors.
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Discrepancies in your checkbook occur in which of the following situations
Answers
In most cases, the discrepancies in the checkbook occurs in a situation whereby the bank statement differs from your check register.
Why is the discrepancies occurring?In accounting, such discrepancies described occurs in the preparation of the bank reconciliations, which is a statement that summarizes the banking, business activity and reconciles an entity's bank account with its financial records. It also confirm that payments have been processed and cash collections have been deposited into a bank account.
In accounting, the statement of bank reconciliation should be completed at regular intervals for all bank accounts in order to ensure that a company's cash records are correct. If done otherwise, then, we may find that cash balances are much lower than expected, resulting in bounced checks or overdraft fees.
In conclusion, in preparation of a bank reconciliation, the discrepancies that occurs in the checkbook is one that happens when the bank statement differs from your check register.
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1. The two methods of estimating uncollectible receivables are the
A) aging-of-receivables method and direct write-off method.
B) percent- of- sales method and the aging-of-receivables method.
C) allowance method and the direct write-off method.
D) percent of sales method and the direct write-off method.
2. Using the DWO method, the entry to record the bad debts includes a debit to:
A) Bad debts expense and a credit to Accounts Receivable.
B) Allowance for Doubtful Accounts and a credit to Uncollectible-Account Expense.
C) Allowance for Doubtful Accounts and a credit to Accounts Receivable.
D) Bad debt expense and credit to Allowance for Doubtful Accounts.
3. A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the
following:
1-30 davs $40.000 1.5%
31-60 days $10.000 8.0%
31-90 days $6.000 22.0%
Amounts over 90 days past due are written off. At year end, the Allowance for Doubtful Accounts
unadjusted balance was a debit of was $520. The bad debts expense to be recorded for the year is:
A) $600.
B) $2,200.
C) $2.720.
D) $3,240.
Answers
1. The two methods of estimating uncollectible receivables are the aging-of-receivables method and the direct write-off method. The two methods of estimating uncollectible receivables are: The aging-of-receivables method and the Direct write-off method. So the right option is (A).
2. Using the DWO method, the entry to record the bad debts includes a debit to Bad debts expense and a credit to Accounts Receivable. Under the Direct write-off method, the entry to record the bad debts includes a debit to the Bad debts expense and a credit to Accounts Receivable. So the right option is (A)
3. The bad debt expense to be recorded for the year is $2,200. So the right option is (B).
The calculation of bad debts expense is as follows:
1-30 days $40,000 x 1.5% = $60031-60 days $10,000 x 8.0% = $80031-90 days $6,000 x 22.0% = $1,320
Total = $2,720 Therefore, the bad debts expense to be recorded for the year is $2,200. Bad debts expense will be debited, and the allowance for doubtful accounts will be credited. The entry will be: Bad debts expense $2,200 Allowance for doubtful accounts $2,200.
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how much interest would you pay on a new vehicle that costs $35,000 with $5,000 down and at an interest rate of 2.55% over a 60 month period?
Answers
After down pay of $5000 the principal amount is $30000 with 3.55 rate of interest and 5 years time the interest will be $3825. Interest is calculated here by using simple interest formula of P×R×T/100 i.e.
($30000×3.55×5)/100The straightforward interest computation offers a very fundamental perspective on interest. It serves as a general introduction to the idea of interest. In the actual world, the processes used to calculate interest whether you're earning it or paying it are typically more intricate. Compound interest is more precise, but simple interest is preferable for making fundamental estimates.
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what is the differences and similarities between rental goods services and non goods services
Answers
Answer and Explanation:
Rented-Goods Services are represented by retailom where consumers can own a good, or use a service for a specified time. As an example of this, we can mention hotel rooms, ski clothes, cars, houses, among others.
Nongoods Services are also represented by retail, but it presents personal services, where consumers can try them, judge them and then decide if they want to own them.
consumer finance companies that specialize in giving loans to people with poor credit scores is called....
a.banks
b.savings and loans associations
c.small loan companies
d.check cashing stores
Answers
Answer:
C
Explanation:
Small loan companies usually do not even require credit score checking.
What is the flow of fans out of the stadium.
Answers
Answer:
Egress refers to the flow of fans out or away from the stadium.
Explanation:
For the product market situation - Deloitte Consulting with a
state government. Illustrate how the change in market
will require different selling skills and Develop the FABV
Format
Answers
Product Market Situation: Deloitte Consulting with a state governmentn Change in Market and Required Selling Skills: Understanding Government Procurement Processes:
Selling to a state government requires an understanding of their procurement procedures, regulations, and decision-making processes. Sales professionals need to adapt their selling skills to navigate government bureaucracy, understand budget cycles, and comply with specific requirements.Stakeholder Management and Relationship Building: Selling to a state government involves engaging with multiple stakeholders, such as government officials, department heads, and procurement officers. Sales professionals must develop strong relationship-building skills to effectively communicate the value of Deloitte's consulting services, address concerns, and gain support from key decision-makers.Knowledge of Government Policies and Initiatives: The change in the market may involve shifts in government policies or new initiatives. Sales professionals need to stay informed about these changes, align Deloitte's offerings with the government's objectives, and highlight how the consulting services can help achieve desired outcomes.FABV Format: FABV is a sales technique that stands for Features, Advantages, Benefits, and Value. Here's how it can be developed for Deloitte Consulting's engagement with a state government:
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iga, or independent grocers alliance, is a group of independently owned grocery stores that band together to share resources and increase buying power. iga is an example of a
Answers
Voluntary chain is a group of independently owned grocery stores that band together to share resources and increase buying power.
What is a Voluntary chain?A collection of stores or a chain of stores that collaborate without a formal contract in order to save money on things like advertising and buying.
Department stores, grocers, limited-edition variety shops, ready-to-wear clothing retailers like the Gap, and pharmacies have had the strongest chains. A lot of banks, hotels, and movie theaters are chains as well.
When a chain is corporately owned, all of the stores or units are owned by the main company. Each unit's profits or losses belong to the corporation, which manages day-to-day operations.
Simply, a parent corporation owns each site of a chain business. With a franchise, various stores or branches are owned by various people who are solely in charge of running the business every day.
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is the income earned by whoever has the right to import the good at the world price and sell it in the domestic market at the higher quota price.
Answers
Quota rent is the income earned by whoever has the right to import the good at the world price and sell it in the domestic market at the higher quota price.
What is quota rent?The economic rent that the owner of an imported commodity subject to a quota receives is known as quota rent. First determine the economic rent, which is the upward difference between the domestic price of the good and the free market price from around the world, before calculating the quota rent. The quota rent is then calculated by multiplying the economic rent by the volume of the imported good. The supply and demand for a good or service can occasionally be thrown off balance by external economic forces. One such external influence is trade quotas, which are frequently used and quite effective. Calculating "quota rent" is one way economists assess the inefficiencies brought about by import quotas.The dollar value of a quota rent is equal to the size of the quota times the difference between the quota price and the world price.
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A college graduate has a Job with a monthly gross pay of 4000. He takes home less than 4000 because
Answers
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.
What do you mean by gross pay?Gross pay refers to the amount received by the employee without any tax deductions.
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.
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As the CEO of your company, you can use only the planning and controlling functions to reach your organizational goals.
Select one:
O True
O False
Answers
Answer: False
Explanation:
CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.
The CEO has to use planning to to decide what long term strategies the company will use to achieve its goals. They have to use controlling to evaluate and improve the methods the company is taking to achieve its long term goals.
They also have to use staffing to hire the best top level and middle level talents that can push the company forward. As management they have to use leading to get the employees inspired to move the company forward and finally they will use organizing to put the various processes in the company together to ensure that the company's goals are met.
Many politicians have degrees in business or law.
True
False
Answers
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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after working with key stakeholders to define activities and calculate their resources, what is the next process in project schedule management? select one: a. control the schedule. b. estimate the duration of activities. c. develop the schedule. d. determine their dependencies.
Answers
Option B is correct. After working with key stakeholders to define activities and calculate their resources, the next process in project schedule management is to estimate the duration of activities.
Iterative estimation of activity duration can be done for either a project phase or a production phase. It may be modified as work proceeds and as additional project-related tasks are discovered. At first, we might base your project estimations on the network diagram (sequencing the activities). It can be further adjusted in accordance with adjustments made to the project throughout execution, control, and monitoring.
It takes time for a long-term project to estimate activity duration because it is a laborious task. Our core project team should ideally be involved in the duration estimation process. To reach an agreement on the milestone dates and delivery schedules, we should consult with the project team, which will work on the project to accomplish its objectives, the project management team, and all of the important stakeholders who have been identified.
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