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Ethics of Product Recall: Consumer Safety Vs Company Interests

You are the CFO for a small firm that makes kitchen appliances. While conducting field tests, you discover a design flaw in one of your most popular models that will likely cause the death of one or two consumers. A product recall, however, will bankrupt your company, and force you to lay off every employee, and also leaving you jobless. What would you do?

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REQUEST: THIS IS A SAMPLE QUESTION...I NEED TO ANSWER A SIMILAR QUESTION LIKE THIS ONE.

RESPONSE:

Hughes & Wongseelashote (n.d) reference that, "A product recall is a manufacturer's request for consumers or distributors to return goods for a refund, replacement, or some modification or repair. While there is no precise definition, any of the following actions may be considered to be a 'recall':

# advising consumers to return or dispose of a product in a certain ...

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