BLE 215: Midterm
This is not a group project. Each question must be answered separately. Use course materials to elaborate on your answers. The examination must be handed in during the regularly scheduled class period. Please do not e-mail your exam. The exam should be a minimum of 4 pages, excluding the cover sheet with your name and the date. Please staple the pages together. Use 1 inch margins with lines double spaced. Required font: Times New Roman 12. Do not repeat the questions in the body of the paper. “Course materials” means cases, examples, articles, lecture notes, films, etc. as presented in this course. Refer to readings in the text and to any postings on Black Board.
Question 1 (25 points)
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.”
Explain his reasoning
Do you agree or disagree? Make sure to explain your reasons and use course materials* to support your argument.
Question 2 (25 points)
Steven Kellman provides a critique of the cost/benefit analysis and whether it leads to a “flawed ethical result.”
Do you agree or disagree with his analysis? Make sure to explain your reasons and use course materials to support your argument.
Explain the value of corporate sustainability using course materials.
III: Question 3 (25 points)
Explain Edward Freeman’s model of Stakeholder Analysis and how it applies to corporate social responsibility. Does it conflict with the fiduciary duties of management and the board of directors to maximize shareholder wealth? Explain your reasons.
IV: Question 4 (25 points)
Read the attached case study (Hosmer Case 3-1).
Using the Hosmer model, answer the following questions below.
What groups will be benefited by shipping the defective wafers to the inner city?
What groups will be harmed by shipping the defective wafers to the inner city?
What groups will…