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Related Flashcards
Cards In This Set
| Front | Back |
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Three Ethical Check Questions
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Is it legal?Is it fair, balanced? (Win-lose, Lose-lose?)How does it make me feel?
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What is strict liability?
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Full accountability for one's products
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A promise (oral or written) by the seller as to the quality, abilities, and performance of a product?
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Express Warranty
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Fit for the ordinary purpose for which goods of this description are used.
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Implied Warranty
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T or F; Principle hires agent(fiduciary)
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True
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US economy measured by GDP
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14 Trillion dollars
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How to calculate percent profit
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Divide Net Profit by Revenue
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T or F: Economy does not follow population trends.
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False
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What kind of critical thinking was the SEC doing in the Madoff Affair?
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Biased Jumper
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T of F: Owners have fiduciary duty to agent
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False
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Confused Fact-Finder
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Looks for only answer, doesn't seem to get it.
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Biased Jumper
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Has bias and jumps to conclusions, does not think from multiple perspectives
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Perpetual Analyzer thinks from multiple perspectives but:
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Wishy-washy and rambles
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Pragmatic Performer can prioritize points but:
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Only comes up with one solution; considers problem dealt with after solution.
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Strategic Revisioner
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Comes up with Plan B and "outside of the box" thinker
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