Ethics in Practical Cases, management homework help

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Answer the following questions and also the 5 questions on page 17 of the attached PDF, in the Ethics in Practice Case “Does Business Have Too Much Power?”  You should recognize that your answers to these discussion questions should be well reasoned and supported with evidence. Make certain that you use chapter material and theory as the basis for your answers.  No outside material.  All work must be original as this will be submitted through Turnitin.  No plagiarism.  

1. Question: In discussion of business and society, why is there a tendency to focus on large firms rather than small- or medium-sized firms? Have the corporate ethics scandals of the past decade affected small- and medium-sized firms? If so, in what ways have these firms been affected? 

2. Question: What is the greatest strength of a pluralistic society? What is the greatest weakness? Do these characteristics work for or against business? 

3. Question: Identify and explain the major factors in the social environment that creates an atmosphere in which business criticism takes place and prospers. Provide examples. How are the factors related to one another? Has the revolution of rising expectations run its course, or is it still a reality among young people today? 

4. Question: Give an example of each of the four levels of power discussed in this chapter. Also give an example of each of the spheres of business power. 

5. Question: Explain in your own words the Iron Law of Responsibility and the social contract. Give an example of a shared understanding between you as a consumer or an employee, and a firm with which you do business or for which you work. Is Congress justified in creating new regulations to govern the financial services industry?

 
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