A company has recognized that 1 in 1000 of their products may default resulting in a non-harmful outcome for the user. This threshold is below their standards to issue a product recall. Instead they place a sticker on their product informing the user of the potential issue. What has the company just done?

Question

Quizplus · Accepted Answer

The company has employed the principle of "caveat emptor," which means "let the buyer beware." By placing a sticker on the product to inform users of the potential issue, they are making the buyer aware of the risk, without recalling the product.

A Company Has Recognized That 1 in 1000 of Their