Apply the various schools of social responsibility to product dumping
The students should discuss that dumping products that are outlawed in the U.S. into other countries is perfectly legal. Friedman would say that absent fraud or illegality, go forward. However, there may be an impact to the company bottom line, so the enlightened self-interest group would have the company consider the impact if customers in other nations are harmed by their products when the product has been recalled in the U.S. If we go back to the various schools of ethical thought, there is the normative and divine view of human life and that crossing that line with the sale of a dangerous product (even though it is legal) is neither socially responsible nor good for the company. Drucker's "above all do no harm" is particularly apt here.
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Three major organizations in the private and public sector develop U.S. and International Financial Reporting Standards. They include all of the following except the
A) EU (European Union). B) SEC (Securities and Exchange Commission). C) FASB (Financial Accounting Standards Board). D) IASB (International Accounting Standards Board).
The statement of cash flows for Lights-On, a leading electric utility for the year ended December 31, 20x2, showed a net cash inflow from operations of $427,000 million and a net cash outflow for financing of $21,800 million. The comparative balance sheets showed a balance in cash of $32,700 at December 31, 20x1, and $101,200 at December 31, 20x2 . Compute the net amount of cash provided or used
by Lights-On's investing activities for 20x2 . a. $68,500 million provided b. $271,300 million used c. $372,500 million provided d. $336,700 million used e. $236,700 million used
The per se rule is applicable to restraints of trade that are considered inherently anticompetitive
Indicate whether the statement is true or false
The best way to avoid postsale problems is to contact customers right after they take possession of their products.
Answer the following statement true (T) or false (F)