In class we discussed the "Assumption of Risk' doctrine. It can be argued that this doctrine promotes economic efficiency becauseit requires businesses to assume the risk of operatingit allows people to engage in activities that would otherwise be too risky for businesses to offerO it assumes that the marginal benefit of the risk is equal to the marginal cost of the riskit requires businesses to assume the cost of injuries

Ans. Envision that you are employed as a shark controller. An aspect of your responsibilities…

Answered: In class we discussed the "Assumption…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Similar questions

Discuss the concept of risk management and its importance in protecting an organization's assets and reputation
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I need a dishonesty/crime policy for my towing company. First choice towing and recovery llc
For this case, I would like for you to provide your opinion on three concepts covered in Chapter 14 (benefits). I would also like for you to support your opinion with logic, rationale, and/or accompanying information from outside sources (be sure to cite your sources). Social Security – Why is social security as it currently exists experiencing a crisis? What should be done to fix it? How do you think the plan should change? Healthcare – explain how healthcare has been affected since the passing of the Affordable Care Act. What do you think about this law? Is it good or bad? Support your opinion with data. Retirement – what do you think about employer-sponsored retirement programs? If you owned a firm, what retirement benefits (if any) would you provide your employees? What type of plans are better or worse?
The oil and gas company you work for wants to invest in fracking. They also want to maintain their reputation for ethical conduct. After investigating fracking, what recommendations would you submit to the CEO about how to make this process safer? Be sure to address: Ethical responsibility Safety risks in the oil and gas industry Ethical leadership’s rile in managing risK
Legal consequences following a successful cyberattack on a well-known organization often include O the loss of cash, inventory, equipment, patents, copyrights, trade secrets, and data the diversion of resources to the operation of back-up procedures O lawsuits initiated by consumers who incurred damages O an erosion of trust previously established with customers, suppliers, and partners
The field of business ethics applies moral standards to business situations, True or False
The Justice Department shut down three of the most popular online poker websites. State agencies take countless actions each year to stop illegal gaming operations. Do you believe that gambling by adults should be regulated? If so, which types? Rate the following types of gambling from most acceptable to least acceptable: Ball-Mart, a baseball card store, had a 1968 Nolan Ryan rookie card in almost perfect condition for sale. Any baseball collector would have known that the card was worth at least $1,000; the published monthly price guide listed its market value at $1,200. Bryan was a 12-year-old boy with a collection of over 40,000 baseball cards. When Bryan went to Ball-Mart, Kathleen, who knew nothing about cards, was filling in for the owner. The Ryan card was marked "1200", so Bryan asked Kathleen if this meant 12 dollars. She said yes and sold it to him for that amount. When Ball-Mart's owner realized the mix-up, he sued to rescind the contract. Who wins?

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