Source Perrier S.A., the supplier of Perrier bottled water, exercised ________ when it recalled 160 million bottles of water in 120 countries after traces of a toxic chemical was found in 13 bottles. The recall cost the company $35 million, and the profit from $40 million in lost sales. Even though the chemical was not harmful to humans, the president of the company believed it was his duty to remove "the least doubt, as minimal as it might be, to weigh on the image of the quality and purity of our product."
A. moral idealism
B. utilitarianism
C. profit responsibility
D. cause marketing
E. stakeholder responsibility
Answer: E
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Globalization and expansion of product lines have resulted in ______.
a. increased randomness and volatility of demand for products b. predictable demand for products c. stabilized revenue for companies d. improved customer satisfaction
With a ____, the jury makes specific written findings on each factual issue; the judge then applies the law to these findings
A) general verdict B) special verdict C) voir dire D) quasi in rem
Knapper Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,740 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Fixed Element per MonthVariable element per tenant-dayRevenue - $37.00 Wages and salaries$3,800 $6.10Food and supplies 900 14.90Facility expenses 9,700 4.80Administrative expenses 6,600 0.10Total expenses$21,000 $25.90?The facility expenses in the flexible budget for January would be closest to:
A. $22,653 B. $22,852 C. $22,660 D. $21,996
Insurance companies invest the premiums and fees collected from customers in order to neutralize the risks assumed from their clients
Indicate whether the statement is true or false.