Viaduct Corporation used untested and risky construction techniques to build a bridge under budget. The techniques were legal but the bridge collapsed, killing several people. Viaduct’s actions were
A. unethical and may result in legislation to ensure it does not happen again.
B. ethical because they were legal and so Viaduct owes no one.
C. dangerous and so inherently illegal.
D. legal under Sarbanes-Oxley and so Viaduct will face no penalties.
Answer: A
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In terms of the Wheel of Retailing, in which phase is a store such as Odd Lots found?
a. the vulnerability phase b. the convenience store phase c. the trading-up phase d. the catalog showroom phase e. the entry phase
Mountain Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is
a. confiscation. b. defalcation. c. dumping. d. expropriation.
Regional Lumber Company and Superior Builders Corporation enter into a contract for a sale of wood products. Regional, a merchant who deals in goods of the kind sold, makes implied and express warranties in connection with the sale. Under the UCC, if these are inconsistent
A. all implied warranties displace all express warranties. B. all express warranties displace all implied warranties. C. the implied warranty of fitness for a particular purpose takes precedence. D. the implied warranty of merchantability takes precedence.
The one-stop location where current and future small-business owners can receive assistance and advice is the:
a. SCORE center b. BIC c. SBBIG d. BBB e. BIL