The Fact That a Company Is Responsible for the Harm

question 45

Multiple Choice

The fact that a company is responsible for the harm done to customers by its product even if it can show that it did its best according to the state of the art in the industry at that time is called

• A) strict liability.
• B) absolute liability.
• C) historical liability.
• D) market share liability.

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Definitions:

Cultural Relativism

A concept in anthropology and ethics that posits the belief systems and moral codes of a culture should be understood and judged within the context of that culture's own history and traditions.

Open Mind

The willingness to consider new ideas and perspectives without letting one's own beliefs hinder the process.

Divine Command Theory

The ethical theory that posits moral values and obligations are rooted in the commands of God or a supreme deity.

Plato

Ancient Greek philosopher who founded the Academy in Athens, known for his works on philosophy, ethics, and politics, including the theory of Forms.