Your engineering department has indicated a major design flaw in one of your products.  It will cost about 25% of your projected revenues to recall the product and make the necessary repairs.  Do you initiate the recall?

Someone poses as a business in order to get a certificate from the relevant certification organisation. What happens to products (such purchase orders or software) with a forged certification from the impersonated company or other organisation?

“Nestlé, the Swiss food conglomerate, has created a Nestlé Seal of Guarantee that it puts on the back of some of its products (e.g., Maggi sauces). The Seal of Guarantee is not used for many of its other products like pet food and mineral water. What might be Nestlé's motivations for adding or dropping its Nestlé Seal of Guarantee stamp to the brand name?”

Costs incurred to fix problems that are detected before the product/service is delivered to the customer are called Appraisal Costs External Costs Defect Costs Prevention Costs Internal Costs

Multiple cases have been successful in invoking Section 7 of the Canadian Charter of Rights and Freedoms as a means of protecting the environment or human health. Select one: True False

ASA500 requires the auditor to obtain sufficient appropriate evidence to support the opinion issued in an audit report. Auditors must be persuaded that their opinion is correct with a high level of assurance. In the audit of Jones Computer Parts Co. Ltd the auditor concludes there is a high likelihood of obsolete inventory.Required:Identify the two factors that determine the persuasiveness of audit evidence.

If a particular competency is outside a profession's scope of practice, practitioners are not responsible for ensuring patient safety related to it True False

a whole life insurance policy will have an increase premium a decreasing premium a level premium a single premium

Product Safety You’re the head of marketing for a pharmaceutical company that has just discovered an effective drug for the treatment of breast cancer. You have spent months designing a marketing campaign for printing materials and medication sample kits for distribution to almost every family physician and pharmacies all around the world. As the materials are being loaded into cartons for delivery to your company’s representatives, your assistant tells you that she has noticed a typographical error in the literature that could mislead physicians and their patients. In the section that discusses side effects, diarrhea and gastrointestinal problems are listed as having a probability of 2 percent. However, the probability to report is 20%. This error appears on virtually every piece of the literature and kits, and ads containing the mistake are already on press in several consumer magazines. Based on the knowledge you gained in the course, please discuss your course(s) of actions. Do…

In practice, market-based pollution control mechanisms are often the easiest to enforce. True False