Firestone and Ford Recalled Thousands of Tires When Several People

question 40

Multiple Choice

Firestone and Ford recalled thousands of tires when several people died in traffic accidents blamed on faulty tires. This is an example of which of the following?

• A) Avoiding the risk
• B) Self-insuring against the risk
• C) Reducing the risk
• D) A loss-prevention program

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Employment Relationships

encompasses the connection and contractual agreement between an employer and an employee, including rights, responsibilities, and expectations.

Workplace Values

The beliefs and norms that guide behavior and decisions within an organizational setting, shaping the culture and climate of the workplace.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.