Exam 5: Ethics and Contracts

The failure to correct a known defect in a product is both an ethical lapse and a basis for a negligence claim.

Explain the impact of "no-cost - few restrictions returns" policies. Be sure to discuss the stakeholders affected.

The withholding of material information in a contract relationship is an ethical issue as well as misrepresentation.

Who made the Intel error problem public?

Part of Subway's defense on its 11-inch vs. 12-inch sub length is that bread rises differently.

Katy Perry has the support of the archdiocese in her purchase of the convent.

What is Chase's policy on pay-day loans?

The Red Cross disclosed that 9-11-01 funds would be used for administrative purposes.

What company changed Intel's reaction to the flawed chips?

Facebook modified its advertising fees to base it on:

What happened to Donald Kennedy, the president of Stanford University, after the audit of the school's overhead research costs?

Pfizer was able to complete its research park in New London, Connecticut.

What other ethical issues arose at Sears in addition to the auto repair shop problems?

Facebook advertising fees were determined based on:

What percentage of auto loan borrowers have a credit score above 780?

Discuss the ethics of the pension accounting processes companies used prior to the Pension Protection Act of 2006.

Failure to disclose the dangers of a diet program is an ethical issue.

What is a condition to most pay-day loans?

Explain the stakeholders, risks, and benefits when government entities take private property to be used by private companies as part of an economic development plan.

Discuss the problems that led to underfunded pensions.