Defends stakeholder view of corporate responsibility

Assignment Help Financial Management
Reference no: EM132433202

RRP1:

1. Why does Milton Friedman believe that the only "social responsibility" businesses have is to increase their profits? What exactly is his reasoning here? Do you agree? Explain.

2. In his essay, R. Edward Freeman defends a "stakeholder" view of corporate responsibility. He defends this view with respect to a few different kinds of stakeholder. First, briefly describe what a "stakeholder" is. Then, consider just one of the specific arguments Freeman makes about different groups of stakeholders. Do you agree with him that businesses have responsibilities towards these stakeholders? Briefly explain.

3. Summarize Bakan's argument in Chapter 2 of The Corporation. Do you agree with him? Further, consider the example of "Mark Barry" discussed towards the end of the chapter. Do you think that he is *just* as responsible for the things he does on the job as he would be if he did these things on his own time? Does the company he works for bear any responsibility, as you see it, for the ethically questionable things he does on a regular basis? Briefly explain.

-RRP4:

1. What exactly does "estranged labor" mean, for Marx? The concept of "estranged labor" is more often translated as "alienated labor." What is one important way in which modern industrial work "alienates" workers - and what does it alienate them *from*? Briefly explain, using at least one citation from the Marx reading.

2. Dan Swain, in the midst of explaining Marx's idea of estranged (or "alienated") labor, spends a brief chapter expounding the Marxist idea of "commodity fetishism." Briefly explain what this concept is supposed to mean, and provide an example of your own. What, if anything, is the connection between alienated labor and commodity fetishism?

3. In the chapter "Work, Leisure, and Full Engagement" Matthew Crawford criticizes Marx's conception of alienated labor. What specifically is his point of disagreement with Marx? With whom do you agree more on this point, and why?

Attachment:- Business Ethics Midterm.rar

Reference no: EM132433202

Questions Cloud

Firm Financial Position or Not : In the transcripts provided, you play a different role--that of a recently appointed board member to the Hospital System.
Managing in digital environment leadership : After reading the article "Managing in the Digital Environment Leadership in the Information Age: A Cultural of Continual Change,
Consulting is to advise clients to so-called re-invent : One staple of consulting is to advise clients to so-called "re-invent" themselves. Suggest the fundamental ways in which innovation matures a company.
Examine the competitive environment : You will examine the competitive environment, and discuss frameworks for evaluating various strategies for the company.
Defends stakeholder view of corporate responsibility : In his essay, R. Edward Freeman defends "stakeholder" view of corporate responsibility. He defends this view with respect to few different kinds of stakeholder
Rewards from intangible rewards and intrinsic benefits : Differentiate tangible rewards from intangible rewards and intrinsic benefits from extrinsic benefits.
Identify the seven elements of organization structure : Identify the seven elements of an organization's structure. Contrast the reasons for mechanistic and organic structural models.
Virtual community and social networking web site : Write a paragraph in which you distinguish between a virtual community and a social networking Web site.
Create comprehensive training proposal for the business : Analyze key elements of training and development geared toward improving the performance of the specific small business for which you are consulting.

Reviews

Write a Review

Financial Management Questions & Answers

  Why european mncs consider hedging their future remittances

Why should European MNCs consider hedging their future remittances from Indonesia to their parent even when the forward discount on the currency (rupiah) is so large?

  One-year forward rate that should prevail according to IRP

As of today, the spot exchange rate is €1.6/$. The U.S. interest rate is 4%. What is the one-year forward rate that should prevail according to IRP?

  The futures contracts are required to hedge this position

A company has a $26 million portfolio with a beta of 1.2. The futures price for a contract on an index is 1900. The size of one futures index contract is $250 times the index. What position (long or short) in futures contracts should the company take..

  They try to sell their energy product to the other country

What can you tell your boss about possible problems the company may face when they try to sell their energy product to the other country?

  Equipment is classified into one of eight life categories

Equipment is classified into one of eight life categories and depreciated by formula. Buildings are classified into one of 8 class lives and depreciated by the MACRS table.

  Both bonds currently have yield to maturity

Jackson Central has a 6-year, 8% annual coupon bond with a $1,000 par value. Earls Enterprises has a 12-year, 8% annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturity of 6%. Which of these two bonds should you buy ..

  The amount of each interest payment if face value of bonds

The semiannual, 8-year bonds of Alto Music are selling at par and have an effective annual yield of 8.6285 percent. What is the amount of each interest payment if the face value of the bonds is $1,000? Format to 6 decimal places.

  Constructing portfolio of two assets

You are constructing a portfolio of two assets, Asset A and Asset B. The expected returns of the assets are 13 percent and 16 percent, respectively. The standard deviations of the assets are 26 percent and 34 percent, respectively. What is the smalle..

  Will the yield to maturity on the two bonds differ

Will the yield to maturity on the two bonds differ?

  What is the market risk premium in c and d

Using the assumptions given in "c", what risk-premium do investors require for investing in each individual corporation?

  Determine cost of debt-what is the aftertax cost of debt

ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with ten years to maturity that is quoted at 109.5 percent of face value. The issue makes semiannual payments and has an embedded cost of 8 percent annua..

  Cash flow-indifferent in accepting project and rejecting

A project that provides annual cash flows of $16,300 for eight years costs $69,000 today. What is the NPV for the project if the required return is 7 percent? Accept Reject What is the NPV for the project if the required return is 19 percent?  NPV $ ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd