Ethnocentrism is the tendency to prefer the ideas of someone else's culture rather than that of one's own.

Creative Farming Ltd. manufactures fertilizer from organic matter, a by-product of which is explosive methane gas. During the processing, some of this gas escaped and drifted onto the adjacent property, where it caused an explosion and extensively damaged a building owned by XYZ Co. Creative Farming Ltd. would be liable for the loss under which one of the following principles?

A) Strict liability
B) Vicarious liability
C) Product liability
D) Occupiers' Liability Act
E) Contributory negligence

All of the following disclosures would appear in the Summary of Significant Accounting Policies except

A) inventory method.
B) depreciation method.
C) long-term construction contract method.
D) financing methoD.

Opal is a minor. In at least some states, Opal can enter into a legally binding contract when she

A) reaches the age of majority.
B) gets married.
C) is emancipated from her parents.
D) all of the choices.

The differential cost of producing Product P over Product O is $55 per pound.

___ acts in a positive way to increase effort, stimulate creativity, and encourage diligence in one's work.

A) Visionary stress
B) Constructive stress
C) Solid stress
D) Motivational stress
E) Energizing stress

An increase in the dollar price of the English pound will

A) increase the supply of dollars.
B) decrease the supply of pounds.
C) cause an increase in the pound price of the dollar.
D) cause a decrease in the pound price of the dollar.

Overall,economists believe that deregulation of industries formerly subjected to industrial regulation:

A) has been a clear failure.
B) is neutral in its impact to society's well-being,creating minimal net benefits at best.
C) has produced large net benefits for consumers and society.
D) has produced sizable efficiency gains in the communications industry,but not in the transportation industry (railways,trucking,airlines) .