In Greenman v. Yuba Power Products, where Greenman was injured when a tool his wife bought him malfunctioned, the California high court stated the reason why strict liability should be applied to manufactures of defective products. The reason is:
a. that insurance covers such losses
b. consumers should bear the costs of injuries to make them more careful
c. consumers should split the costs of injuries with manufacturers; this will best insure the highest amount of care
d. state statutes encouraged the adoption of a strict standard e. none of the other choices
e
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What first step should managers take if they want to improve an organizations’ diversity profile and procedures?
a. Disseminate literature about the importance of diversity. b. Assess the organization’s current diversity status. c. Write a code of ethics that incorporates diversity. d. Terminate employees with poor diversity records.
Explain planned obsolescence with at least two examples. Discuss if planned obsolescence is ethical or unethical
What will be an ideal response?
Information taken from popular literature, such as a magazine or newspaper, does not have to be documented
Indicate whether the statement is true or false
Costs such as transportation-out, sales commissions, uncollectible accounts receivable, and advertising costs are sometimes called:
A. upstream costs. B. direct costs. C. indirect costs. D. downstream costs.