the ethics of business 3

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Each response should be 300 words and researched using the course materials I provided as an attachment and/or outside sources. Please include page numbers and in-text citations and references following APA formatting.

1.Economic Systems

Review the material on economic systems in Chapter Ten. Look at Figure 10.2 and answer the following:

1) What are the differences between capitalism and socialism?
2) What are the differences between rational economics and behavioral economics?
3) Explain the US shift from the 1950s-90s rational economics to the 2010 behavioral economics?

For additional information on this question, see the article, The End of Rational Economics, from Harvard Business Review (https://hbr.org/2009/07/the-end-of-rational-economics).

2.Internet Security and Privacy

Internet security is often in the news. The Carnegie Council identifies it as a risk that “require[s] organizations to make ‘fundamental ethical choices’ when doing business globally” (Ferrell, Fraedrich & Ferrell, 2013, p. 289). Review the material on internet security in Chapter Ten and answer the following:

1) Research a recent incident related to internet security and privacy that has a global or international component. Describe the incident, identify the ethical issues involved, and propose a solution (this doesn’t have to be technical solution). Try to avoid politics unless there is also a clear link to business ethics.

3.Health Care

Read the Chapter Ten debate issue on page 296. Clearly state whether you think

1) Health care is a fundamental right. It protects life, and should be ensured by government, or
2) Health care is a privilege and should not be provided by government because of the high costs.

Explain your answer.

4.Resolving Ethical Business Challenges – CornCo

Read the CornCo scenario on pp. 304-305. Pay particular attention to the global issues and the fact that law is not necessarily a static concept in business because it varies across nations. Answer the following:

1) What should George do? Identify the relevant issues that affect your decision, along with an ethical interpretation of those issues.

 
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