Directions:? Read carefully, and answer fully, each of these questions.? You may either print or use cursive writing, but if I cannot read your response, I cannot evaluate it! Your answer may include diagrams or bullet points as part of the answer, but diagrams and bullet points alone are not sufficient to earn full credit.
- ?How does the nature of law, and the nature of ethical expectations, combine to create challenges for business?
- How did a change in the view of ?prudence? impact the discussion of ?business ethics??
- Why is ?private property? necessary for a discussion of ?business ethics??
- Define egalitarianism, and discuss its application in a discussion of business ethics.
- Why is ?profit seeking? seen by critics as unethical?? How would supporters of ?profit seeking? respond to these criticisms?
- Compare and contrast the economic systems of capitalism and communism.? Why do capitalism?s critics view the system as ?unjust??? How would capitalism?s proponents respond?
- Describe the ?Tragedy of the Commons?, and relate it to the discussion of capitalism versus communism (think Pilgrims).
- How is the phrase ?private vice, public benefit? used to label profit-seeking activities as unethical?
- Define egoism, as broadly used to justify individual business choices.
- Define utilitarianism, as used to justify individual and corporate decisions.
- Define a ?fair wage?, as in our class discussions.? How does the current discussion of ?living wage? differ, and how does this impact public perception of business ethics?
- What do critics of ?excessive executive compensation? claim?? How do supporters of these levels of compensation justify their position?
- Define utilitarianism, egoism, virtue ethics, Kant?s Categorical Imperative, Rawls? Veil of Ignorance, teleological approach, deontological approach.
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