BUS 100 Study Guide - Midterm Guide: Consumer Privacy, Crowdsourcing, Public Interest Research Group
Document Summary
Use this study guide, along with your blogs, and our classroom discussions and activities to prepare for the midterm exam. You should also review the key terms and concepts for each chapter assigned up to the day of the exam, and be able to use them in answering short answer and essay questions. The midterm exam will consist of multiple choice questions, short answer, and short essays. Ownership theory of the firm; arguments for its validity. Stakeholder theory of the firm; arguments for its validity. The role of big business and its responsible use of corporate power in a democratic society. Enlightened self-interest; long and short term benefits to firm. Factors that must be balanced when engaging in csr. Serving the bottom of the pyramid: ethical and economic arguments. Source of business ethics and why it is important. Ethical issues and conflicts that arise in business. Several approaches to ethical problems in business (virtue, utility, rights, justice)
