How did President John F. Kennedy change the concept of American business culture away from caveat emptor in the 1960s?
What will be an ideal response?
Before the 1960s, the legal concept of caveat emptor (let the buyer beware) was pervasive in American business culture. In 1962, President Kennedy codified a Consumer Bill of Rights that was intended to regulate the ethics of exchange between buyers and sellers. Ethical exchanges between buyers and sellers should result in both parties being better off after a transaction. The Consumer Bill of Rights includes the rights to safety, to be informed, to choose, and to be heard.
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People who believe that ethical truths depend on the individuals or groups holding them are referred to as:
A. moral relativists B. casuists C. virtuists D. ethicalists E. normative utilitarians
Communication competence is a performance-based index of an individual's abilities to effectively use communication behaviors in a given context.
Answer the following statement true (T) or false (F)
Gabrielle files suit against Hard n’ Fast Adhesives, Inc. stating several claims against them. Hard n’ Fast responds that even if Gabrielle’s statement of the facts is true, but Hard n’ Fast is still not liable. This is a
a. counterclaim. b. motion for judgement on the pleadings. c. motion for summary judgment. d. motion to dismiss.
Which of the following is not one of the primary types of the financing activities in the statement of cash flows?
A. Buying equipment B. Borrowing money C. Issuing shares of stock D. Paying dividends