________ Occurs When an Employee Informs an Outside Person or Organization

question 147

Multiple Choice

________ occurs when an employee informs an outside person or organization about his or her organization's illegal or unethical behaviors.

• A) Insider trading
• B) Whistle-blowing
• C) Preemptive disclosure
• D) Institutional sabotage

Understand the responsibilities of manufacturers and sellers to warn consumers of potential dangers.

Recognize the legal defenses available to entities in product liability cases.

Identify the meaning and types of warranties and their implications for product liability.

Understand the impact of international views on product liability, including rights to damages and consumer fault considerations.

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Definitions:

Prisoners' Dilemma

A situation in game theory in which two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Repeated Play

This refers to a situation in game theory where a game is played multiple times by the same participants, allowing for strategies that consider past outcomes.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and direct provisioning of goods.