exam study guide Flashcards
(49 cards)
is a branch of tort law
products liability and consumers
Holds manufacturers/sellers responsible for defective products that injure consumers.
Product Liabilities
(an allocation of cost to companies which engage in ultra hazardous activities or product ultra hazardous products = you are automatically liable): imposes and allocates liability to companies (pure aspect of tort law)
strict liability
way of referring component of what ur charged for a product. When company (starbucks) absorbs litigation cost, then they will increase their cost of coffee, in order to .
we consumers have to pay portion of buying a product relating to covering the costs that companies incur from litigation
Concept of a Safety Tax
reasons argued: allowed lawyers to advertise.
Bates v. Arizona – attorney advertising:
ford was aware of dangerous gas tank (design defect) and would ignite and blow up. Was it better for them to recall or let poor ppl to get killed (based on how much money they had to spend)? May thought it was unethical
Ford Pinto Cost-Benefit Analysis for Liability
solutions for tort lawsuits?
Tort reform 1. Max Cap total damages (family get total max of damages) attempt to cut down number of tort lawsuits
Some laws cap punitive damages to limit the amount a plaintiff can recover beyond actual losses.
limiting with punitive damages
(Expectation of risk-free lives making society litigious?) explored our psychology in current times, we evolve to risk free environment. Idea where we expect to live in risk free environment. Ppl would resort to Only avenue is to bring a lawsuit about it whenever something goes wrong.
Fear of Living Article
ethics in the decision not to inform workers of their illness employees got ill from asbestos. Company decided not to tell them about the condition they got. ethics of withholding information from affected employees (from asbestos exposure)
asbestos case
when a person remains silent then they should die. We should have the courage to speak out even if its against our company we work for
MLK quote on remaining silent
worse bc your aware of moral issue but choose to remain silent and not speak out vs. Moral Blindness: lack of awareness about amoral issues
Moral Muteness
disclosing what your company si doing unethical through proper chain of command and outside of company to regulate v. Leaking: disclosing info publicly
Whistleblowing
examples of leaking
Daniel Elisberg – Pentagon Papers
Eric Snowden (global surveillance program)
conflict with whistleblowing?
Employee Loyalty
right that accompany gives you to buy stock in the company benefiting you, etc.) : gives them employees to work and buy in
Buying Employee Loyalty (i.e., stock options
Company does business in another country and forces American morals onto others.
cultural imperialism
Company does business in another country and respects and follows that country’s morals.
cultural resolution
The world is interconnected through business, technology, and communication.
global villages
concept of group having like characteristics in their thinking/culture. Common set of culture principles
homogeneity
congress passed federal law prohibits American companies from giving bribes internationally (foreign corrupt practices act)
history of bribes
did business with Hitler. The Nazis hired ___ to collect data about their population and ethnicity in their country. This is all part of nazis’ plan to get rid of jewish
IBM
sweatshop working conditions so bad that many EEs decided to commit suicide by jumping out of their company floors. Company put nets to help that from happening.
Suicides at foxcom
what does native american proverb mean by “A frog does not drink up the pond in which he lives.”
about our need to preserve the earth because if we destroy it, we destroy our own habitat
