Western Digital, the Irvine, California-Based Maker of Disk Drives, Recalled

question 204

Multiple Choice

Western Digital, the Irvine, California-based maker of disk drives, recalled about 400,000 of its hard drives because of a faulty internal chip. The chip would not affect the disk drive motor until after six to 12 months of use. This delay in the problem's appearance meant that many consumers would not think to blame the disk drive manufacturer. But, instead of taking the less expensive route of remaining quiet about the problem, Western Digital chose to offer replacement disk drives for all those that had the faulty chip. This action is an example of

• A)hedonism.
• B)utilitarianism.
• C)moral idealism.
• D)existentialism.
• E)socialism.

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Definitions:

Acquisition

The process of obtaining control of another company by purchase or exchange of stock.

Section 17(a)

Section 17(a) typically refers to a specific provision within a particular legal framework or document, needing clarification regarding the context (e.g., in securities law, it refers to a section of the Securities Act of 1933 addressing fraud).

1933 Act

The 1933 Act, officially the Securities Act of 1933, is a U.S. law enacted to govern the initial sale of securities by issuers to the public, aiming to ensure transparency and prevent fraud.

Material Fact

A fact that if known might have influenced the decision of a party in making a contract, agreement, or understanding.