In 1997 a Project Team for Cosco,the World's Largest Children's

question 80

Multiple Choice

In 1997 a project team for Cosco,the world's largest children's products company,developed a high chair that could be used as an infant feeding seat,a youth chair,a play chair,a booster chair,and it could be reclined to make an infant bed.Its design could be made and sold for $49.Cosco rushed the chair into production before it was properly safety tested to beat its competition and then when some children were injured as a result of this chair Cosco denied culpability by saying that only a few consumers had had any trouble with the chair.These consumers had not read the instructions that came with the chair and had assembled it improperly.Cosco's actions exemplify which of the following philosophies?

• A)existentialism
• B)moral idealism
• C)utilitarianism
• D)socialism

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Definitions:

Exponential Notation

A mathematical way to write numbers using a base and an exponent, showing how many times the base is multiplied by itself.

Compound Interest

Interest computation on a loan or deposit that factors in the original principal along with the interest that has accrued in earlier cycles.

Financial Calculation

The process of using mathematical formulas to evaluate financial data regarding investments, loans, profits, and other money-related matters.

Arithmetic Operations

Fundamental mathematical operations including addition, subtraction, multiplication, and division.