Explain planned obsolescence with at least two examples. Discuss if planned obsolescence is ethical or unethical
What will be an ideal response?
ANSWER: Planned obsolescence is the practice of modifying products so those that have already been sold become obsolete before they actually need replacement. Examples include products such as printers, computers, and cell phones, which often become outdated before they stop working and need to be replaced.Some argue that planned obsolescence is wasteful; some claim it is unethical. Marketers respond that consumers favor style modifications because they like changes in the appearance of goods such as clothing and cars. Marketers also contend that consumers, not manufacturers and marketers, decide when styles are obsolete.
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Personality tests are more reliable than intelligence tests.
Answer the following statement true (T) or false (F)
Some costs that possibly could be traced directly to cost objects are nonetheless classified as indirect costs because:
A. Generally accepted accounting principles require some costs to be treated as indirect. B. Such practice results in a more accurate accumulated cost for the object. C. Such costs cannot be traced to objects in a cost-effective manner. D. All of the answers are correct.
What theory suggests that there is influence amongst people, behaviors, and the environment?
a. Social cognitive theory b. Self-determination theory c. Self-regulation theory d. Social role theory
Julie Collins recently invested in a project that promised an internal rate of return of 15 percent. If the project has an expected annual cash inflow of $12,000 for six years, with no salvage value, how much did Julie pay for the project? Present value tables or a financial calculator are required
a. $35,000 b. $45,414 c. $72,000 d. $31,708