Problem 1: What is legal paternalism and what is its significance in business ethics? Give 3 examples.
Problem 2: What is the difference between anthropocentrism, biocentrism, and holism, and what is the significance for business ethics? Give an example of each.
Problem 3: What is the difference between intrinsic value and instrumental value and what is its significance for business ethics? Give an example to illustrate the difference.
Problem 4: What is caring capitalism? Who talked about it? And what are 3 ways we saw it demonstrated there (in the article: Managing Social Responsibility and Growth at Ben & Jerry's)?
Problem 5: What is the difference between caveat emptor and caveat venditor, and what is its significance? Give an example.
Problem 6: What is the free rider problem and what is its significance? Give an example.
Problem 7: Give an environmental business cost benefit analysis of the Redwoods case study, and tell what the best course of action would have been. Be specific.
Problem 8: Why do businesses want to be incorporated? What are the advantages?
Problem 9: What are CID structures and what is its significance for business ethics?
Problem 10: What is Galbraith's Dependence Effect? Why did our course say it was significant? Give an example to illustrate your point.
Problem 11: Short Essay Question.
Smithfield Hams Inc. has always prided itself on raising its ham on local farms, local spring water, and organic feed in Smithfield. However, the executive board recently discovered that if it outsources its ham production to a plant in Newport News, where the pigs can drink from the polluted James River and eat industrial sludgewaste, it can save 5 cents per pound on the production process. Moreover, their lawyers told them that since the pigs are technically born in Smithfield they can still put Smithfield Hams on the label. Assess what the company should do from both the Shareholder and Stakeholder perspectives. Be sure to define each theory clearly first and give its justification, then identify all the potential facets of considerations for each perspective, and then decide which option is best and why.