Assignment:
Problem:1 Discuss the differences between the “agency theory” and the “stewardship theory”.
Problem:2 Explain which of these theories applies to your strategic audit firm and why?
Problem:3 Explain the strategic roles Board of Directors have in conjunction with senior management and the running of an organization.
Problem:4 Which Degree of Involvement in Strategic Management describes the Board of Directors for your strategic audit firm, and why?
Problem:5 Discuss in detail the ramifications the Sarbanes-Oxley Act has had on business in the United States.
Problem:6 Define the three basic approaches to ethical behavior.
Problem:7 Discuss your views on each of these ethical behaviors.
Problem:8 Describe Friedman’s view on the responsibilities of business. Do you agree or disagree with Friedman’s views and why?
Problem:9 Explain Carroll’s two responsibilities that pertain to social responsibilities. Do you believe these responsibilities are growing in support from corporations, or not, and why?