Busines Ethics-

Choose three out of the 5 questions. For the three you have chosen it is two pages each

1. It is often claimed that Act Utilitarianism cannot account for moral concepts such as promises or justice. Rule Utilitarianism is an attempt by Utilitarians to account for these deficiencies. Does Rule Utilitarianism succeed as an attempt to improve upon Act Utilitarianism?

2. Freeman defends the Doctrine of Fair Contracts as his version of a "normative core" for stake-holder theory. How does Freeman's argument work, that is, what theoretical device or structure does he employ to defend stake-holder theory. How "bold" is Freeman's proposal to re-invent management theory?

3. Locke seems to think ownership and property rights are a result of one's labor. What role does labor play in Locke's conception of the justification of property rights? What is the worst problem associated with Locke's use of labor in his theory of property rights?

4. What is the morally correct course of action for Dr. Roy Vagelos of Merck? Why?

5. What should RUN Inc.'s Martin Field do? Why? Be sure to show how you arrived at this conclusion and what sort of moral reasoning you think is most relevant to his predicament.