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?
ch_1.pdf

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Business and Society: Ethics, Sustainability, and Stakeholder Management, 9e
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Business and Society: Ethics, Sustainability, and Stakeholder Management, 9e
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