Question: 1. From chapter 3, explain in your own words the differences between the production, managerial, and stakeholder views of the firm. Which view is best

1. From chapter 3, explain in your own words the differences between the production, managerial, and stakeholder views of the firm. Which view is best and why?

2. From chapter 3, differentiate between primary and secondary social and nonsocial stakeholders in a business situation. Give example of each.

3. Differentiate among the immoral, amoral and moral approaches to management as presented in chapter 7.

4. Describe Kohlberg's levels of moral development. Which stage seems most relevant to businesses?

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