True or false

SECTION B (1*10 - 10marks) QUESTION 2 - TRUE and FALSE QUESTIONS With an X indicate the most appropriate answers to the definitions / statements below. No DEFINITION / STATEMENT TRUE FALSE 2. 1 Ethics is the study of morality or the moral standards of a society or an individual . 2.2 Strict liability is a legal doctrine that holds that manufacturers must bear the "external" costs of injuries resulting from unavoidable defects in the True FALSE design of an artifact constitute part of the costs society must pay for. 2.3 A code of ethics is a formal statement of an organization's primary values and ethical rules it expects employees to follow. TRUE False 2.4 Price fixing is when a seller charges different prices to different buyers for identical goods or services. False THE False 2.5 A tying arrangement is when a manufacturer sells to a retailer only on condition that they agree to charge the same set retail prices for its goods False THE Feld 2.6 Reliability refers to the ease with which a product can be repaired and kept in operating condition. False TRAE feal 2.7 Moral standards are established by law or legislature. Fallt 2.8 Categorical imperative is the requirement that everyone should be treated as a free person equal to everyone else. True ..9 Free riders are individuals who acquire a benefit paid for by others who desire the same benefit. Rme The keats 10 Moral rights are tightly correlated with duties because one person's moral right is defined partially in terms of the moral duties other people have toward that person True ime retse TOTAL = 10 /10