I.  Question 1 

Joseph Johnston argues, in his article, Natural Law and the Fiduciary Duties of Business Managers that..."Simply put, stakeholder theory sounds good in social theory but will not work in practice."

1.      Explain his reasoning

2.      Do you agree or disagree?  Make sure to explain your reasons and use course materials* to support your argument.

II.  Question 2 Steven Kellman provides a critique of the cost/benefit analysis and whether it leads to a "flawed ethical result."

1.      Do you agree or disagree with his analysis? Make sure to explain your reasons and use course materials to support your argument.

2.      Explain the value of corporate sustainability using course materials.

III:      Question 3 ExplainEdward Freeman's model of Stakeholder Analysis and how it applies to corporate socialresponsibility. Does it conflict with the fiduciary duties of management and the board of directors to maximize shareholder wealth? Explain your reasons.

IV:      Question 4 Read the attached case study (Hosmer Case 3-1).

 Using the Hosmer model, answer the following questions below.

1.      What groups will be benefited by shipping the defective wafers to the inner city?

2.      What groups will be harmed by shipping the defective wafers to the inner city?

3.      What groups will be able to exercise their rights by shipping the defective wafers?

4.      What groups will have their right ignored by this shipment?

5.      Express the moral problem so that everyone involved will believe that their particular interests (their well being and their rights) have been recognized and included.

6.      What are the economic outcomes? Legal requirements and ethical duties?Apply any economic, legal and ethical theories where applicable such as, cost-benefit, utilitarianism, The Golden Rule, Kant's Moral Imperative, justice theory, virtue ethics, self-interest theory, negligence(breach of duty or responsibility), regulation,etc.

7.      State a conclusion.  Ethical or not?  How many of the three areas above-- economic, legal and ethical, yield moral solutions?  Refer to this as Hosmer's Moral Analysis.