Which of the following statements is true about product safety and liability laws?
A) There are no criminal product liability laws-only civil product liability laws exist.
B) Liability laws are typically most extensive in less developed nations.
C) A boom in product liability suits and awards in the United States resulted in a dramatic decrease in the cost of liability insurance.
D) Product liability can be much greater if a product does not conform to required safety standards.
E) If product safety laws are tougher in a firm's home country than in a host country,the ethical thing to do is to adhere to host-country standards.
Correct Answer:
Verified
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