In the Pakistan Soccer-Ball Example, a Company with a Well

question 34

Multiple Choice

In the Pakistan soccer-ball example, a company with a well known brand, such as Nike, had much to gain from improving the conditions of its suppliers. Why might a smaller company, providing
Cheaper non-branded products, have more difficulty with the type of improvements described in
The example?

• A) Because their customers do not care about suppliers' working conditions.
• B) Because they have smaller margins to absorb the extra costs.
• C) Because smaller companies are less likely to be worried about suppliers' working conditions.

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Definitions:

HDC (Holder in Due Course)

A party possessing a negotiable instrument, like a check, who has taken it in good faith and for value, and thus has certain protections.

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the transferable right to receive the payment.

Thief

An individual who steals property belonging to another, with the intent to permanently deprive the owner of it.

Impliedly Promises

refers to commitments or guarantees that are not explicitly stated but are inferred from actions, circumstances, or the nature of an agreement.