The ________ strategy uses subsidiaries, franchises, or joint ventures with substantial independence.

Liability rules are laws that require party A to compensate party B for damages imposed.

________ is the omission to do something that a reasonable person would do,or doing something that a prudent and reasonable person would not do.

A) Strict liability
B) Negligence
C) Premises liability
D) Negligence per se

In order to have a high-quality finished product:

A) appraisal costs must exceed external failure costs.
B) the product's design specifications must meet customers' expectations.
C) the product must meet the standards of its design.
D) the product's design specifications must meet customers' expectations AND the product must meet the standards of its design.

Asset allocation refers to ________.

A) the allocation of the investment portfolio across broad asset classes
B) the analysis of the value of securities
C) the choice of specific assets within each asset class
D) none of the options

Sole proprietors have limited liability for the sole proprietorship's debts.