Estella Wright Dennis Gioia “The Ford Pinto Fire” Week Six (7/1/14) Written Assignment SYNOPSIS OF THE ARTICLE In 1968‚ Ford Motor Company made plans for a car that would be inexpensive‚ small‚ and appeal to all car buyers. The planned project was to meet the 2000/2000 rule‚ meaning that the Pinto could weigh no more than 2‚000 pounds‚ and cost no more than $2‚000. This rule was instituted because of the extreme competition from foreign car makers such as Toyota and all of the
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Florencia Sanders CNA Fast Track Corinth Campus 05/25/20012 Assignment 1 8 Chapter Review 1. List six basic human needs. * * Food and water * Protection and shelter * Activity * Sleep and rest * Safety * Comfort 2. What psychosocial needs do humans have? * * Love and affection * Acceptance by others * Security * Self-reliance and independence in daily living * Contact with other people * Success and self esteem 3. According
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Exxon committed crimes and torts as a result of the Exxon Valdez oil spill. The difference between a tort and crime is the outcome between the two; crimes typically seek punishment for the wrongdoings‚ while torts seek to compensate damages with monetary means for those affected. Unlike crimes which seek punishment‚ tort is strictly monetary damages sought by the defending party. “Tort damages are monetary damages that are sought from the offending party. They are intended to compensate the injured
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class‚ a tort is a form of wrongful action that brings or causes harm to someone else that can lead to a lawsuit. Some torts are intentional‚ negligent‚ or strict liability. If you were intentionality trying to hurt someone or you were being reckless‚ you weren’t not making safe and conscious actions that only affect you. There are many different forms of intentional torts that are committed every day and there are consequences for those actions. The main intentional torts that are committed are:
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TRESPASS TO LAND BUKIT LENANG DEVELOPMENT SDN BHD v. TELEKOM MALAYSIA BHD & ORS [2012] 1 CLJ FACTS The plaintiff purchased a land from Oakfield Enterprises Sdn Bhd through a sale and purchase agreement dated 15 May 1996. The plaintiff was aware at that time of the presence of squatters on the land. Following the said purchase‚ the plaintiff commenced eviction proceedings against the squatters and succeeded in obtaining judgment where the court ordered that the squatters surrender vacant possession
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Chapter 8: Grimshaw v. Ford Motor Company Caption: Grimshaw v. Ford Motor Company Citation: California Court of Appeals‚ Fourth District‚ 1981 174 Cal. Rptr. 348 Facts: 1. Ford developed a new model‚ later to be known as the pinto‚ changing the design drastically. 2. Ford discovered that the fuel tanks position was in a ’vulnerable place’ and the car failed to met crash safety standards. 3. Ford was aware of the small cost to help the fuel tanks meet standards but refused to
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Chapter 12 Torts The Basis of Tort 1. The Purpose of Tort Law a. Damages Available in Tort Actions Compensatory damages (including special damages and general damages) : compensate or reimburse the plaintiff for actual losses Special damages: compensate the plaintiff for quantifiable monetary losses. General damages: compensate individuals (not companies) for the nonmonetary aspects of the harm suffered‚ such as pain and suffering. b. Punitive Damages: Only when the defendant’s conduct was particularly
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Mr. Gioia’s decisions regarding the Pinto fires highlights the disengagement from emotion often associated with business decisions. From a business stand point‚ decisions have to be based on facts and financial repercussions are the ultimate deciding factor in which action to pursue. If a defect in a certain make or model of car is classified as an extremely rare incident then no action will be taken. This is governed by the premise of statistical probability. Coupled with a detailed cost versus
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Discuss whether taxation is the most effective solution to the market failures arising from negative externalities. Negative externalities are defined as‚ “[negative] third party effects arising from production and consumption of goods and services which no appropriate compensation is paid.” This means the marginal cost curve only takes into account the private costs and not the external/social costs‚ and so there is an overproduction of the good or service. This misallocation of resources means
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moral perspective the "cost/benefit" analysis conducted by Ford. One may ask what do we need ethics in business for? To answer this question‚ we need to know what ethics is‚ as well as‚ what impact it has on businesses‚ people and relations. Ethics is often defined as a set of rules‚ principles governing a group or a person; determining his/her behavior. It imposes a social responsibility on people. Even though‚ in the past ethics was referred to humans mostly‚ today we hear more about ethical
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