In the 1970’s the Ford Motor Company sold its subcompact Pinto model with known design defects. In particular, the gas tank’s design and location led to rupture, leaks and explosion in low-speed, rear-impact collisions. Fifty-nine people burned to death in Pinto accidents. In a cost-benefit analysis weighing the cost of fixing the defects ($11 per vehicle) versus the firm’s potential liability for lawsuits on behalf of accident victims. Ford had placed the value of a human life at $200,000. Ford eventually recalled 1.4 million Pintos to fix the gas tank problem for a cost around $35 million. In addition the automaker ultimately paid out millions more in liability settlements and incurred substantial damage to its reputation. a. Critique Ford’s actions from the perspective of the NSPE code of Ethics. b. What should engineers do when the product they are designing has a known safety defect with an inexpensive remedy?
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When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates
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Sue now has $125. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83b. $216.67c. $228.07d. $240.08e. $252.08
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Business, 23.06.2019 04:20
Question 1 2 points is the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates
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In the 1970’s the Ford Motor Company sold its subcompact Pinto model with known design defects. In p...
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