Exam 2 Ba 300 Austin Questions With Complete Solutions

What is the doctrine of the golden mean? {Ans: Aristotle a mark of virtue is to develop dispostion that is the mean between 2 extremes}Eudamonia {Ans: happiness/human flourishing}Gov intervention- significant intervention {Ans: CSR as legal mandate (e.g., codetermination laws) done more in europe where employees can form boards of directors in a company by law because the CSR stake holder position of th employees is so strong - counterweight of shareholder power}2 key CSR distinctions {Ans: 1) Repair externalities/"do no harm," but not responsible for general social problems 2) Advance the common good, "whether or not it's directly related to their core business"}Virtue ethicisits focus not just on choices and actions but {Ans: the nature of the persons character}rands approach goes against what moralities? {Ans: religious moralitie of humility, mercy, dependence,}Supoorters of the shareholders theory argue that broad mandates to do good with profits of a corp do what 4 things: {Ans: 1) violate property rights of the shareholders 2) presume that managers have moral competencies superior to shareholders competiencies about what to do with earnings 3) weaken management duty to the shareholder/invite opporutnity for managerial self enrichment under the guise of doing