1 of 134
Term
DUTY BASED ETHICS
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Foreseeable risks of harm could
-Libel = written
have been reduced by adoption of
-Slander = spoken
reasonable alternative design by
-Disparagement = business
seller or other distributor
, -Were pre-existing rules
Focuses on end result, normative
followed?
inquiry "what is fair"
-Proper procedure > results
-The ends justify the means
-Form > substance
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2 of 134
Definition
-FREEDOM: allowance to make own decisions
-VIRTUE: what your conscience dictates
-WELFARE: common good
-Libertarians believe in personal freedom as most important
-Utilitarians focus on welfare
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LEVELS OF CRIMES 3 MAIN ETHICS
FRANCHISE CLASS ACTION
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3 of 134
Definition
-Price discrimination- same product sold to different buyers at
different prices
,-Predatory pricing
*PRICING BELOW COST, genuine prospect monopolization, enjoyed
monopoly long enough to recoup losses
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TYING ARRANGEMENTS ROBINSON-PATMAN ACT
FOREIGN CORRUPT PRACTICES
FAIR LABORS STANDARDS ACT
ACT (FCPA)
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4 of 134
Definition
honest mistakes or poor guesses do not create liability for
management or Board of Directors
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RULE OF REASON BUSINESS JUDGMENT RULE
STRICT LIABILITY DUTY OF CARE
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, 5 of 134
Definition
more than one party could/is responsible, you can sue as many
people as you can (e.g. GM and airbag manufacturer)
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JOINT TENANCY JOINT AND SEVERAL LIABILITY
JOINT TORTFEASORS CONCURRENT TORTFEASORS
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6 of 134
Term
ASSUALT
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Very small token damages, predicate to punitive
Term
DUTY BASED ETHICS
Give this one a try later!
Foreseeable risks of harm could
-Libel = written
have been reduced by adoption of
-Slander = spoken
reasonable alternative design by
-Disparagement = business
seller or other distributor
, -Were pre-existing rules
Focuses on end result, normative
followed?
inquiry "what is fair"
-Proper procedure > results
-The ends justify the means
-Form > substance
Don't know?
2 of 134
Definition
-FREEDOM: allowance to make own decisions
-VIRTUE: what your conscience dictates
-WELFARE: common good
-Libertarians believe in personal freedom as most important
-Utilitarians focus on welfare
Give this one a try later!
LEVELS OF CRIMES 3 MAIN ETHICS
FRANCHISE CLASS ACTION
Don't know?
3 of 134
Definition
-Price discrimination- same product sold to different buyers at
different prices
,-Predatory pricing
*PRICING BELOW COST, genuine prospect monopolization, enjoyed
monopoly long enough to recoup losses
Give this one a try later!
TYING ARRANGEMENTS ROBINSON-PATMAN ACT
FOREIGN CORRUPT PRACTICES
FAIR LABORS STANDARDS ACT
ACT (FCPA)
Don't know?
4 of 134
Definition
honest mistakes or poor guesses do not create liability for
management or Board of Directors
Give this one a try later!
RULE OF REASON BUSINESS JUDGMENT RULE
STRICT LIABILITY DUTY OF CARE
Don't know?
, 5 of 134
Definition
more than one party could/is responsible, you can sue as many
people as you can (e.g. GM and airbag manufacturer)
Give this one a try later!
JOINT TENANCY JOINT AND SEVERAL LIABILITY
JOINT TORTFEASORS CONCURRENT TORTFEASORS
Don't know?
6 of 134
Term
ASSUALT
Give this one a try later!
Very small token damages, predicate to punitive
