Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TIME ALLOWED: 2 HOURS ONLY ANSWER ALL QUESTIONS QUESTION 1 (20 MARKS) Coco Milk Confectionery Berhad is one of the largest milk factories in Malaysia.

TIME ALLOWED: 2 HOURS ONLY ANSWER ALL QUESTIONS QUESTION 1 (20 MARKS) Coco Milk Confectionery Berhad is one of the largest milk factories in Malaysia. Recently, Malaysia Healthy Ministry released a statement that two Coco Milk Confectionery contained pig (porcine) DNA. Malaysia Islamic Development Department has immediately suspended the halal certification for the two products. The two products are as follows: Product Instant Milk for newborn 0-6 months Instant Milk for 6 months- 2 years Total to be recalled Expected loss incurred 400,000 tin RM0.9 million 800,000 tin RM1.7 million Coco has taken immediate action by recalling its two products that tested positive for traces of contained pig (porcine) DNA from the market. The current production of the two products was stopped until the government gave a clearance notice. Required: a. Identify THREE (3) stakeholders and briefly describe their stakes. b. (6 marks) The immediate action taken by Coco by recalling its two products above has shownan application of high moral sensitivity by the company towards the Muslim customers in specific. Evaluate this statement and relate your answer to the Axioms of Islamic Ethics: equilibrium and benevolence. (8 marks) C. Suggest TWO (2) possible ways for how Coco should undertake to regain customers' confidence to continue buying and consuming their products. (6 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Working Papers Tools For Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

4th Edition

0470128887, 978-0470128886

More Books

Students also viewed these Accounting questions

Question

8. Praise the trainees for their success in learning the task.

Answered: 1 week ago