What Would You Do

question 6

Multiple Choice

What Would You Do?
Imagine that you are the head of a company that manufactures secondary wood products for the construction industry.Recently, there have been many reports of a plywood subflooring product that has been failing in a number of commercial locations resulting in several complaints about ruined floor coverings and, in one instance, partial collapse of a third floor, which injured three people.Your head of research and development has asked you to stop selling the product and wants to run tests on the product to determine the problem.However, third-quarter earnings reports are due out in two weeks and public knowledge of problems with a lucrative product may delay the financing of the company's expansion plans and also lower stock price.Your dilemma: Do you delay or refuse the product research, thereby enhancing the expansion plans but risking other damage and public safety, or do you immediately stop sales of the product and run the necessary tests, thereby risking the expansion plans?
-Refer to What Would You Do? (Scenario) .If you decided to stop sales and investigate the product because you felt you had an obligation to society as well as shareholders, you would be operating under which view of social responsibility?

• A)neoclassical
• B)classical
• C)socioeconomic
• D)conservative
• E)contemporary

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Definitions:

NAFTA Labor

relates to labor provisions within the North American Free Trade Agreement aimed at improving working conditions and labor rights in the member countries.

Labor Laws

Regulations governing the legal relations between employers and employees, including wage, work hours, health and safety, and workers' rights.

Compliance

The act of adhering to regulations, standards, or laws instituted by regulatory organizations or governments.

European Unification

The process of political, economic, and social integration among European countries, aiming to foster peace, stability, and prosperity.