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What is a fiduciary relationship

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Reference no: EM133186532

Each answer should be around 250  in length. All answers must be written in complete, grammatically correct sentences; no answers in point form.

  1. What is a fiduciary relationship, and why are these relationships important in a business context?
  2. What is the difference between prescriptive and descriptive ethics? What relevance does this distinction have in a business context?
  3. What is the difference between public and private morality?
  4. What is moral defeat?
  5. Give an example of moral hazard in a business context. Identify the possible harms caused by moral hazard in your example.
  6. What is the difference between deontology and utilitarianism? Explain which theory is better suited for a business context.
  7. State two (2) objections to the stakeholder theory.
  8. What is one problem with Carr's argument from analogy? Explain.
  9. What is the principal/agent problem? Explain how this problem arises in a business context.
  10. Explain the connection between moral hazard and the free-rider problem.

Reference no: EM133186532

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