Outline the implication of the social contract tradition within business.
What will be an ideal response?
The social contract tradition in ethics holds that all ethical responsibilities can be understood with this contractual model, and that the only duties we have are those that we have freely taken on within a social contract. Individual contracts and promises are the basis of ethical duties. The implication of this within the business sphere is that unless a seller explicitly warrants a product as safe, unless, in other words, the seller promises otherwise, buyers are liable for any harm they suffer.
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The direct materials standards for the main product of Duchess Company are 8 grams of direct materials per product at a cost of $3 per gram. During April, 969 grams of direct materials were used to produce 120 products at a direct materials cost of $2,900. The direct materials quantity variance for April was
A) $57 (U). B) $77 (U). C) $27 (U). D) $97 (F).
Punctuate the sentence correctly. In December 2007 I left Griggs & Dayton for a job with Narayan Accounting
If all the gas stations in a city collaborated to determine what gas prices should be charged, they would be violating the
A. Wheeler-Lea Act. B. Clayton Act. C. Robinson-Patman Act. D. Sherman Antitrust Act. E. Celler-Kefauver Act.
Lebron, Michael, Nolan, and O'Neill combine to buy a professional basketball franchise. Their selected form of business organization is an investment group, which is also known as? A) a business trust
B) a joint stock company. C) a joint venture. D) a syndicate.