Business Finance Homework Help

Quality of Consumer Goods Sold to Homes Questions

 

Watch this video on Ethics. Provide 4 quality annotations( write a time in which comment is made).

  • For this assignment, you will need to create 4 annotations. Create 3 annotations that provide facts (such as definitions, explanations, data, etc., directly from the reading or video) and 1 that adds an insight (connect to another idea in the course, current events, another student’s comments, etc.) or asks a question.

Respond to one annotation made by my peer on time 00:26: “While doing some research I came across this article regarding consumers and food safety. It states that “It is not uncommon for a single company in the United States to be contacted by consumers literally hundreds of thousands of times each year through telephone or mail communications. These contacts are carefully analyzed and evaluated, for they are an important source of information about consumer concerns and interests and provide useful insights about products. As a result of this communication with consumers, manufacturers will modify products, provide new information or otherwise respond to consumer interests”.source: http://www.fao.org/3/v2890t/v2890t05.htm

Video:

Rubric:

How to Analyze Case Problems

When reading the cases in the assignments, you will find it helpful to know how to analyze case problem

Understand the Facts

Before you can analyze or apply the relevant law to a specific set of facts, you must clearly understand those facts. To clearly understand the facts, you should read through the case information carefully – more than once if necessary – to make sure you understand the plaintiff(s) and defendant(s) in the case and the progression of events that led to the lawsuit. Law students and lawyers often use abbreviations for the parties. To indicate a reference to a plaintiff, the pi symbol – π – is often used, and a defendant is denoted by a delta ΔΔ – a triangle.

Legal Analysis and Reasoning

Once you understand the facts, you can begin to analyze the case. The IRAC method is a helpful tool to use the analysis and reasoning process. IRAC is an acronym for Issue, Rule, Application, and Conclusion.

Issue: first, you decide what legal issue is involved in the case. Let’s use a hypothetical slip and fall at a grocery store due to a wet floor to walk through these steps. For example, the issue is whether the grocery store failed to warn customers of the wet floor and, therefore, was negligent.

Rule: once you have identified the issue, the next step is to determine what rule of law applies to the issue. In the grocery store example, tort law says that business owners owe a duty to protect their customers by using reasonable care. Reasonable care in this context includes warning customers of foreseeable risks which the owner knew or should have known about. If a business owner breaches this duty of care and the breach of duty causes a customer to be injured, the business owner will be liable for the customer’s injuries.

Application: the next step is the application of the relevant rule of law to the specific facts of the case. In the grocery store example, an employee just mopped the floor in the aisle where the customer slipped and fell and there wasn’t a sign warning of a wet floor. That a customer might fall on a wet floor is clearly a foreseeable risk. Therefore, the failure to warn customers about the wet floor was a breach of the duty of care owed by the grocery store to its customers.

Conclusion: Once you have completed step 3 in the IRAC method, you should be ready to draw a conclusion. For example, the grocery store is liable to customer for his injuries because the store’s breach of its duty of care caused the customer’s injuries.

Often, the fact patterns aren’t as simple as the grocery store example. There may be more than one issue in a case and one or more applicable rule of law. There may also be a defense – possibly, the employee verbally told the customer to avoid the area. Give this method a try as you read through the cases. Hopefully, it will help you in this course and other courses!

How to annotate the Perusall assignments:

  • Highlight words and concepts that are unclear to you, look them up, then share what you found in a comment. Remember to include the source of your reference.
  • Share facts and descriptions from the text that surprise you and tell us why.
  • Engage each text in multiple places.
  • Ask questions (using a “?” in your comment in Perusall automatically turns it into a question).
  • Read the comments and questions posed by others.
  • Answer the questions of your classmates by “mentioning” them (use @ to tag a classmate in your response so that the individual knows you are directly engaging them).
  • Upvote comments or questions you find helpful.
  • Connect ideas found in the readings to the real life experiences you have or know of.
  • Use the picture tool to add a visual element to your annotation or illustrate your point.