Consumer Protection
Which do you believe presents the greatest threat to civil society: a corporation that commits crimes (e.g., murder, environmental crimes, or bribery, etc.), or persons who commit crimes that harm businesses (e.g., embezzlement, fraud, or larceny, etc.)? Defend your response, using at least one example from current events.
The greatest threat to civil society is corporations that commit crimes. This is due in part the overall prevalence of the business community within a capitalistic society. Many developed nations depend on business to improve overall societal growth and development. Through business, the overall quality of life for society improves. Simply looking over the last 100 years of America, a minimum wage employee now has a better quality of life than John D. Rockefeller did over a century ago. This is due primarily to business within the context of a capitalistic society. As such, due to their prevalence, crimes by business can severely harm society if left unchecked. The financial crisis of 2008 is a prime example of corporate greed, harming society. Because business is so integral to the growth and prosperity of society, a large crime within business can have implications for society and the world. In 2008, not only did American society suffer, so too did the entire world economy. This was due primarily to the interconnectedness of business relative to other aspects of society. As indicated in the above example, business can therefore be very detrimental to society, if its operations are both illegal and unethical.
If U.S. companies should not be liable, then they could be legally exempt from tort liability. Discuss the consequences of such a policy to U.S. consumers.
In regards to the U.S. consumer, if companies are not liable, their many be incentive to cut corners and reduce the overall quality of the product. Ordinarily, routine transactions regarding retail items that are simple may not cause harm to consumers. Aspects such as suits, or t-shirts could even be produced cheaper as foreign entities have less regulation costs. However, when the retail item is vital to...
Consumer Protection Memo: Consumer Protection In their article in the Harvard Business Review, Robinson, Viscusi & Zeckhauser (2016) argue that consumer warning labels are not effective. They resoundingly assert that the labels do not communicate adequate information for consumers, especially in terms of benefits and risks. Essentially, the current labeling system is miserably ineffective in differentiating between significant and insignificant risks, or between "wolves" and "puppies" as the authors put it. Most
He defined the ideals that people share about how people ought to behave a "categorical imperative" - a transcendent concept of "rightness of action." No one would want to be taken advantage of the way Countrywide did, and under no circumstances did they themselves believe their actions were "right." Egoism or self-interest ethics may explain the Countrywide rationale, after all, they were acting to advance own interests, over all else.
Potential Concerns about the Consumer Financial Protection Agency Despite the multitude of benefits revealed by the CFPA, commercial banks and mortgage lenders continually present their growing dissatisfaction with the act. Representatives of this side include reputable organizations such as JP Morgan Chase or Wells Fargo, as well as a series of independent mortgage brokers and mortgage lenders and local and regional banking institutions. Their most compelling reasons for the dismissal
The Center for Digital Democracy, represented by Jeffrey Chester, executive director, claims the Obama administration raises money from Google -- "Google is a Democratic darling in many ways" -- and hence the suspicion is that Obama asked his FTC to go easy on Google. "Our fear is that Google gets special treatment," Chester insists. Conclusion Whether or not Google was aware it was gathering this data from households and businesses in 30
Sometime the debtor is able to successfully reduce its liability and returns to profitability but quite often it returns to seek the court's protection again and sometime the end result is liquidation. Under Chapter 11 protections, the debtor gets an automatic protection from all creditors. The unsecured creditors cannot lay a claim on assets and secured creditors are also prevented from foreclosing on their collateral. A Chapter-11 company also gets
This study will incorporate consumer perceptions and attitude green products, green values, green label and green environment. Finally, it will provide insights on areas of green buying commitment and green purchasing intention (Biel, Hansson & Ma-rtensson, 2008). References Abele, E., Anderl, R., & Birkhofer, H. (2005). Environmentally-friendly product development: Methods and tools. London: Springer. Ahvenainen, R. (2003). Novel food packaging techniques. Boca Raton, FL: CRC Press Biel, a., Hansson, B., & Ma-rtensson, M.
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