Recently,a Project Team for Cosco,the World's Largest Children's Products Company,developed

question 178

Multiple Choice

Recently,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 when reclined,an infant bed.Its design could be made and sold for $49.Cosco rushed the chair into production to beat its competition before it was properly safety-tested.When some children were injured as a result of this chair,Cosco denied culpability.The firm said that only a few consumers had had any trouble with the chair-and probably didn't assemble them correctly.Most consumers,however,were very satisfied with the chair and had no problems with it.Cosco's actions exemplify which of the following philosophies?

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

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Definitions:

Contract Price

The total monetary amount agreed upon in a contract for the sale of goods or services.

Repudiates

The act of refusing to accept or be associated with something, such as a contract or agreement.

Unfit Seed

Seeds that are unsuitable for planting due to poor quality, contamination, or being genetically modified without approval.

Lost Profits

Damages recoverable in a lawsuit, representing the amount of profit one party would have made had the other party not breached a contract or committed a wrongful act.