PHI2397- Final Exam Guide - Comprehensive Notes for the exam ( 28 pages long!)

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Text: stone, (cid:862)why hould(cid:374)"t corporations be respo(cid:374)si(cid:271)le? (cid:863), pp. 4 types of arguments why dire(cid:272)tors/ceo"s are simply the agents of the principals and their motives are to strictly maximize profits. Sept. 14th 2017-09-11: 1st-the promissory argument, he takes the idea of a promise literally, simply maximizing profits, taking your money and the sole responsibility is to maximize profits. Ex) dow-produced weapon even though it was devastating and the shareholders of the company and the ceo"s had a discussion about this and the reaction. Waste/ extravagance: bluffing in business is like a gain strategy. Is the honest person who never tells a lie or has a whole set of features that include trusting, reliable, nice, caring etc. Text: carr, (cid:862)is business bluffing ethi(cid:272)al? (cid:863), pp. Sept. 18th 2017: there are forms of bluffing that involves lying. Going against our nature by bluffing: busi(cid:374)ess is (cid:374)ot like frie(cid:374)dships, it is i(cid:373)perso(cid:374)al. O therefore you should(cid:374)"t feel guilty because there is no emotion in business.