In the Context of the Legal and Ethical Dimensions of Business

question 118

Multiple Choice

In the context of the legal and ethical dimensions of business conduct, it is legal and ethical to:

• A) lead by example.
• B) practice collusion with competitors.
• C) provide rock-bottom prices only to distributors in underserved areas.
• D) collaborate with other medical clinics to guarantee low prices in low-income counties.

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Definitions:

Res Ipsa Loquitur

Res ipsa loquitur is a legal doctrine that allows a presumption of negligence to be established based on the mere occurrence of certain types of accidents, without the need for direct evidence of a defendant's behavior.

Negligence Per Se

A legal doctrine where an act is considered negligent because it violates a statute or regulation, thereby causing harm to a person that the statute was designed to protect.

Assumption of Risk

A legal doctrine stating that an individual knowingly and voluntarily assumes the risk of an activity, thereby relieving another party from liability for harm caused during the activity.

Assumption of the Risk

A defense in tort law where the plaintiff is considered to have voluntarily assumed the risks of a known hazard, diminishing the defendant's liability.