Chapter 2 Business Ethics Assignment

https://www.youtube.com/watch?v=-YPZ2FhVFGA

ASSIGNMENT: Watch the video and complete the following.

Should we consider the needs of our stakeholders when making business decisions? Write at least 4 quality sentences.

What impact might this scandal have on stakeholder perception of Starbucks? Write at least 3 quality sentences.

Evaluate the CEO's message and comment on its affect for consumers. Write at least 4 quality sentences.

_{Milton Friedman's Theory- corporation's responsibility is to put profits above all else. Corporations make decisions to maximize profit for shareholders, and nothing else.}

_{Shareholders, with their sizable dividends, can then take that money and give to charity, or clean up the environment or help workers have a better working environment.}

_{It's not the corporation's responsibility to worry about social and community issues.}

https://www.youtube.com/watch?v=vD9XJKZmXEs&t=15s

ASSIGNMENT: Watch the video and complete the following.

Explain the shareholder primacy theory. Write at least 4 quality sentences.

Why is Milton Friedman opposed to Corporate Social Responsibility? Write at least 3 quality sentences.

Other than profits, what should corporations do to engage in actions that benefit everyone? Write at least 3 quality sentences.

https://www.youtube.com/watch?v=Z5KZhm19EO0

ASSIGNMENT: Watch the video and complete the following.

Explain the pros and cons of Corporate Social Responsibility. Write at least one quality paragraph.