Scenario B

question 85

Multiple Choice

Scenario B. Use the information given below to answer the following three questions:
A sales manager is facing an ethical situation wherein his toy company sold a scooter with a defective component. If he informs the customer and issues a recall, it would cost him a substantial amount of money. If the toy malfunctions, it could cause serious injury to the child playing with it. His colleagues have suggested three options:
Option 1: Keeping quiet about the defect
Option 2: Reviewing company policy, toy industry practices, and advice from colleagues
Option 3: Disclosing the defect and suggesting alternatives to eliminate the risk of injury
AACSB: Reflective Thinking
Blooms: Apply
Topic: Five Perspectives Shape Your Ethics
-Which ethical approach is illustrated by option 1?

• A) Egoism
• B) Utilitarianism
• C) Relativism
• D) Virtue ethics
• E) Life-cycle analysis

Explain human impact on biogeochemical cycles through activities such as agriculture, industrialization, and environmental management.

Understand the nitrogen cycle's processes and how they contribute to ecological balance.

Identify the role of specific biogeochemical cycles (e.g., phosphorus, nitrogen) in supporting life on earth.

Understand how alterations to biogeochemical cycles can impact climate, organism growth, and ecosystem health.

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Definitions:

Activity-Based Costing

A costing methodology that assigns costs to products based on the activities required to produce them, aiming to provide more accurate product costing.

Estimated Overhead Cost

The predicted cost of all indirect production expenses for a specific period, which can include utilities, rent, and salaries for support staff.

Expected Activity

The anticipated level of operations based on projections, such as hours worked, units produced, or services rendered.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of the activities.