NATIONAL UNIVERSITY OF SINGAPORE

EXAMINATION FOR ARTS AND SOCIAL SCIENCES 2 (Semester 1: 2009-2010) PHILOSOPHY PH2218 BUSINESS ETHICS Time Allowed: 2 Hours

NOVEMBER / DECEMBER 2009

INSTRUCTIONS TO CANDIDATES

1. This examination paper contains SIX QUESTIONS and comprises THREE printed pages. 2. Answer TWO questions. 3. This is a CLOSED BOOK Examination.

Therefore.” Explain Marcoux’s view about how Friedman’s Shareholder Theory is supposed to solve problems of managerial accountability. b. it makes sense in the study of business ethics to be concerned not only with the standards of conduct managers and CEOs ought to uphold.) Evaluate this strategy. How? (Hint: discuss Schmidtz’s distinction between values – a preservationist ethic vs. Employers who subject labour to sweatshop conditions may be morally suspect. He says. a conservationist ethic – and priorities. but they don’t violate consumers’ autonomy rights. but they don’t violate their employees’ autonomy rights. 2 . and the personal virtues conducive to living up to those standards. Advertisers who utilize manipulative techniques may be morally suspect. which I’ll refer to as CW: (CW) Corporate wrongdoing is often a consequence of interaction between the personal character of individual actors and the institutional incentives they’re confronted with on a day-to-day basis. Evaluate these claims and defend your evaluation. but also the design of the corporate institutions within which managers and CEOs do their jobs. QUESTION 3 Consider the following two claims: a. CW raises the following practical question: What types of institutional design will best facilitate decisions to do the right thing or avoid harming members of society? Marcoux has a view about this. the institutional design question raised by CW also is relevant to addressing problems of environmental degradation.PH2218 QUESTION 1 Consider this thesis. “some business ethicists are starting to see service to shareholders' interests in profitability as a solution to problems of managerial accountability. Should we expect the alternative Stakeholder Theory to do a better job solving such problems? Why or why not? QUESTION 2 In additional to problems of managerial accountability.

In particular. Then respond to that philosopher’s argument by developing an objection (or set of objections) you have to the argument. The Corporation. END OF PAPER 3 . Provide the outlines of Long’s argument and then how it might be utilized to address the following kinds of social problems: (a) access to expensive pharmaceutical drugs. Reconstruct and provide a clear.PH2218 QUESTION 4 Long argues that people should be careful to avoid conflating free market capitalism and state-corporate capitalism. QUESTION 5 Duska claims that “whistleblowing is not only permissible but expected when a company is harming society. the sins of the latter should not be attributed to the former. (c) employees subjected to poor treatment and or working conditions by employers. philosophically searching exposition of an argument that was advanced by one of philosophers in one of the assigned readings. Compare Long’s evaluation of corporations with that of Joel Bakan’s film.” Evaluate his claim and defend your evaluation. Make sure you’re clear and persuasive about why your objections undermine or rebut the argument. QUESTION 6 Design your own question. (b) environmental degradation. The one further condition is that the topic of this essay must be different than the topic of the other essay you choose to write.

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