Each question should be answered in AT LEAST 75 words A PIECE. Cite any outside information.
1. Read “Rethinking the Social Responsibility of Business: A Reason to Debate” featuring Milton Friedman, Whole Food’s John Mackey, and Cypress Semicondutor’s T. J. Rodgers. Discuss the concept that corporations add far more to society by maximizing “long-term shareholder value” than they do by donating time and money to charity. How important is this concept to business, society, and to you? Which position do you believe is more accurate…Rodgers or Mackey?
2. Read Decision Point: Inquiring Employers Want to Know. The following information is sometimes requested on standard employment applications, though job candidates might consider some of it to be private or personal. Which of the following items about an employee might an employer have a legitimate claim to know, and why?
· A job applicant’s social security number
· An employee’s medical records
· An employee’s marital status
· Whether a job applicant smokes
· An employee’s political affiliation
· An employee’s sexual orientation
· An employee’s credit rating
Consider the following questions in the assessment of this scenario:
What facts are relevant to your decisions? What would the consequences be of refusing to answer any questions on an employment application? Are you basing your decision on particular rights of the employee or the employer? Are there people other than the employer and employee who might have a stake in what information is released to employers?
3. Are some products too dangerous to be marketed in any circumstance? What regulations, if any, would you place on marketing cigarettes? Handguns? Prescription drugs? As a starting point, refer to The American Marketing Association’s Statement of Ethics, found at www.marketingpower.com/AboutAMA/Pages/Statement%20of%20Ethics.aspx which provides guidelines for marketing products. This code of ethics can be used to locate other codes and regulations that may address this issue.
4. Do you believe that business has any direct ethical duties to living beings other than humans? Do animals, plants, or ecosystems have rights? What criteria have you used in answering such questions? What is your own standard for determining what objects count, from a moral point of view?
5. Review and reflect on the above questions. What is the most practical and easily applied lesson you learned? What was the hardest to grasp? What would you recommend to someone beginning this class to do in order to be a successful learner? Why?