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Answered: - Directions: Read carefully, and answer fully, each of thes


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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