Question 1

Tylenol did a rapid recall of its products when consumers reported black flecks were present in the liquid product forms of the company's analgesics.

Accepted Answer

A) True 
 B)False

Question 2

What memo did GM have that was different from the Ford Pinto situation?

Accepted Answer

A)  There was no GM memo 
B)  A memo from a lawyer advising against releasing any internal company analysis of the Malibu design 
C)  A memo that fired engineers who worked on the Malibu 
D)  None of the above 
A)  There was no GM memo 
B)  A memo from a lawyer advising against releasing any internal company analysis of the Malibu design 
C)  A memo that fired engineers who worked on the Malibu 
D)  None of the above

Question 3

Who is Edward Ivey?

Accepted Answer

A)  The drunk driver in the Malibu accident case 
B)  CEO of General Motors 
C)  Engineer who performed a cost-benefit analysis on the Malibu and its gas tank issues 
D)  None of the above 
A)  The drunk driver in the Malibu accident case 
B)  CEO of General Motors 
C)  Engineer who performed a cost-benefit analysis on the Malibu and its gas tank issues 
D)  None of the above

Question 4

What product was Ralph Nader concerned about that led to congressional hearings on product liability and safety?

Accepted Answer

A)  The Ford Pinto 
B)  The Chevrolet Corvair 
C)  The GM Malibu 
D)  The Ford Crown Victoria 
A)  The Ford Pinto 
B)  The Chevrolet Corvair 
C)  The GM Malibu 
D)  The Ford Crown Victoria

Question 5

What ethical category is involved in steering wealth management customers into in-house investment products?

Accepted Answer

A)  Taking unfair advantage 
B)  Saying things that are not true 
C)  Conflict of Interest 
D)  Giving false impressions about fund performance 
A)  Taking unfair advantage 
B)  Saying things that are not true 
C)  Conflict of Interest 
D)  Giving false impressions about fund performance

Question 6

How much did Jack-in-the-Box have to have set aside for payments in the suits filed against it?

Accepted Answer

A)  $20 million 
B)  $50 million 
C)  $100 million 
D)  $200 million 
A)  $20 million 
B)  $50 million 
C)  $100 million 
D)  $200 million

Question 7

How much did Coke pay to the employee who filed suit alleging wrongful termination?

Accepted Answer

A)  $540,000:   $100,000 in cash, $140,000 in benefits including health insurance, and $300,000 in lawyer's fees 
B)  $9,000,000 plus $300,000 lawyer's fees 
C)  $37,000,000 plus lawyer's fees 
D)  None of the above 
A)  $540,000:   $100,000 in cash, $140,000 in benefits including health insurance, and $300,000 in lawyer's fees 
B)  $9,000,000 plus $300,000 lawyer's fees 
C)  $37,000,000 plus lawyer's fees 
D)  None of the above

Question 8

Explain how shunning played a role in assuring product quality before there was product liability?

Accepted Answer

Because buyers knew their sellers, if an

Question 9

Which of the following is not an example of an express warranty?

Accepted Answer

A)  "This toothpaste makes teeth the whitest around." 
B)  "This water heater holds 50 gallons." 
C)  "Preshrunk jeans" 
D)  "This jacket is lined." 
A)  "This toothpaste makes teeth the whitest around." 
B)  "This water heater holds 50 gallons." 
C)  "Preshrunk jeans" 
D)  "This jacket is lined."

Question 10

Which product could not be sold even with adequate warnings?

Accepted Answer

A)  The Ford Pinto 
B)  Buckyballs 
C)  Tide Pods 
D)  Workout powders 
A)  The Ford Pinto 
B)  Buckyballs 
C)  Tide Pods 
D)  Workout powders

Question 11

Discuss the similarities between the GM Malibu Case and the GM engine switch case.

Accepted Answer

There were defective design issues 
Thos

Question 12

What was the cost of partially or completely fixing the Pinto gas tank to better withstand rear-end collision impact?

Accepted Answer

A)  The costs of the changes ranged from $1.80 to $15.30 
B)  The costs were over 10% of the cost of the car 
C)  The costs were too great because the car had to be redesigned 
D)  None of the above 
A)  The costs of the changes ranged from $1.80 to $15.30 
B)  The costs were over 10% of the cost of the car 
C)  The costs were too great because the car had to be redesigned 
D)  None of the above

Question 13

Rachel Murphy works for a major time-share resort company. Rachel has been very successful in selling time-share properties to customers. Rachel has noticed that her fellow sales representatives have a name for the last five days of the month, "The Say-Any-Friggin'-Thing Days". Sales reps are given bonuses for the number of customers they bring in each month. At the end of the month, sales reps are promising customers that they can get out of their contract at any time (they cannot) and that the company will sell the time-share property for them (the company does not). Which of the following cases was similar to what Rachel is experiencing?

Accepted Answer

A)  CVS Pharmacies and oxycodone sales 
B)  Peanut Corporation of America 
C)  Wells Fargo 
D)  Tide Pod sales in Europe 
A)  CVS Pharmacies and oxycodone sales 
B)  Peanut Corporation of America 
C)  Wells Fargo 
D)  Tide Pod sales in Europe

Question 14

The criminal charges involving Peanut Corporation of America relating to Salmonella:

Accepted Answer

A)  Involve both insiders and an outside food broker. 
B)  Are likely to be dismissed because of lack of proof. 
C)  Involve criminal fraud. 
D)  Both a and c 
A)  Involve both insiders and an outside food broker. 
B)  Are likely to be dismissed because of lack of proof. 
C)  Involve criminal fraud. 
D)  Both a and c

Question 15

What is the FDA's concern about workout powders?

Accepted Answer

A)  The amount of caffeine in them 
B)  Unknown ingredients in the powders 
C)  Use of the powders with alcohol 
D)  All of the above 
A)  The amount of caffeine in them 
B)  Unknown ingredients in the powders 
C)  Use of the powders with alcohol 
D)  All of the above

Question 16

The sale of a product with a known defect or with knowledge of its potentially harmful impact on users:

Accepted Answer

A)  Is illegal. 
B)  Is unethical. 
C)  Exposes the manufacturer to strict and negligent product liability. 
D)  Both b and c 
A)  Is illegal. 
B)  Is unethical. 
C)  Exposes the manufacturer to strict and negligent product liability. 
D)  Both b and c

Question 17

Commissions for the sale of mutual funds vary significantly.

Accepted Answer

A) True 
 B)False

Question 18

Why was Jack-in-the-Box cooking at a different temperature from other fast food chains?

Accepted Answer

A)  Jack-in-the-Box had higher safety standards 
B)  Cost 
C)  Jack-in-the-Box lost the memo 
D)  Both a and b 
E)  Both b and c
F) a, b, and c 
A)  Jack-in-the-Box had higher safety standards 
B)  Cost 
C)  Jack-in-the-Box lost the memo 
D)  Both a and b 
E)  Both b and c
F) a, b, and c

Question 19

What was Ulbricht's defense in the Silk Road criminal case?

Accepted Answer

A)  He was unaware of how his site was being used 
B)  He said he was not the founder or owner of Silk Road 
C)  He placed others in charge of the site 
D)  a and c only 
A)  He was unaware of how his site was being used 
B)  He said he was not the founder or owner of Silk Road 
C)  He placed others in charge of the site 
D)  a and c only

Question 20

What dictated the placement of the Pinto gas tank?

Accepted Answer

A)  Safety 
B)  Style 
C)  Weight 
D)  Government regulations 
A)  Safety 
B)  Style 
C)  Weight 
D)  Government regulations

Tylenol did a rapid recall of its products when consumers reported black flecks were present in the liquid product forms of the company's analgesics.

What memo did GM have that was different from the Ford Pinto situation?

Who is Edward Ivey?

What product was Ralph Nader concerned about that led to congressional hearings on product liability and safety?

What ethical category is involved in steering wealth management customers into in-house investment products?

How much did Jack-in-the-Box have to have set aside for payments in the suits filed against it?

How much did Coke pay to the employee who filed suit alleging wrongful termination?

Explain how shunning played a role in assuring product quality before there was product liability?

Which of the following is not an example of an express warranty?

Which product could not be sold even with adequate warnings?

Discuss the similarities between the GM Malibu Case and the GM engine switch case.

What was the cost of partially or completely fixing the Pinto gas tank to better withstand rear-end collision impact?

The criminal charges involving Peanut Corporation of America relating to Salmonella:

What is the FDA's concern about workout powders?

The sale of a product with a known defect or with knowledge of its potentially harmful impact on users:

Commissions for the sale of mutual funds vary significantly.

Why was Jack-in-the-Box cooking at a different temperature from other fast food chains?

What was Ulbricht's defense in the Silk Road criminal case?

What dictated the placement of the Pinto gas tank?

Ethical Theory, Philosophical Foundations, Our Reasoning Flaws, and Types of Ethical Dilemmas

Business and Its Ethical Dilemmas

Business, Stakeholders, Social Responsibility, and Sustainability

Ethics and Company Culture

Ethics and Contracts

Ethics in International Business

Ethics, Business Operations, and Rights

Ethics and Competition

Filters

Exam 8: Ethics and Products

Tylenol did a rapid recall of its products when consumers reported black flecks were present in the liquid product forms of the company's analgesics.

What memo did GM have that was different from the Ford Pinto situation?

Who is Edward Ivey?

What product was Ralph Nader concerned about that led to congressional hearings on product liability and safety?

What ethical category is involved in steering wealth management customers into in-house investment products?

How much did Jack-in-the-Box have to have set aside for payments in the suits filed against it?

How much did Coke pay to the employee who filed suit alleging wrongful termination?

Explain how shunning played a role in assuring product quality before there was product liability?

Which of the following is not an example of an express warranty?

Which product could not be sold even with adequate warnings?

Discuss the similarities between the GM Malibu Case and the GM engine switch case.

What was the cost of partially or completely fixing the Pinto gas tank to better withstand rear-end collision impact?

The criminal charges involving Peanut Corporation of America relating to Salmonella:

What is the FDA's concern about workout powders?

The sale of a product with a known defect or with knowledge of its potentially harmful impact on users:

Commissions for the sale of mutual funds vary significantly.

Why was Jack-in-the-Box cooking at a different temperature from other fast food chains?

What was Ulbricht's defense in the Silk Road criminal case?

What dictated the placement of the Pinto gas tank?

Ethical Theory, Philosophical Foundations, Our Reasoning Flaws, and Types of Ethical Dilemmas

Business and Its Ethical Dilemmas

Business, Stakeholders, Social Responsibility, and Sustainability

Ethics and Company Culture

Ethics and Contracts

Ethics in International Business

Ethics, Business Operations, and Rights

Ethics and Competition

Filters