A Primer on Business Ethics

IMPORTANT: For each of the question, write a short paragraph to answer. Each answer should be approximate half page, letter size, single space. The textbook for these questions are "A Primer on Business Ethics" with ISBN: 0742513890. You can find it on Amazon

PLEASE READ: I recommend you to purchase this textbook with Amazon Kindle because you will be able to access it right away. You will get 30 days return, after you complete these questions, simply return the book to receive the refund. I will tip generously if your answers satisfy my expectations.

These are the questions:

• How does the nature of law, and the nature of ethical expectations, combine to create challenges for business? (think box and cloud)
• How did a change in the view of “prudence” impact the 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).
• Define egoism, as broadly used to justify individual business choices.
• Define utilitarianism, as used to justify individual and corporate decisions.
• What are the benefits and criticisms of advertising?
• How does Milton Friedman define the social responsibility of professional managers in for-profit corporations? How would critics view this as unethical, and how would Friedman's supporters respond to this criticism?
• Define utilitarianism, egoism, virtue ethics, deontological approach.