Business and money management

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QUESTION
 
1. If your business is like most others, you’re going to need some money to get it up and going, more money
than you’ve got right now. That means you’ll need to find a partner for your venture, someone to help you get
the cash together and then run things afterward. Would you prefer a utilitarian, an altruist, or an egoist for your
partner? Why?
2. Do you think the invisible hand would be in effect for your business? Just by trying to make money, do you
imagine you’d end up improving people’s lives? If this business works, is it even possible that you’d help others
more than you would by volunteering time for a charity organization? Elaborate.
3. Assume that doing well in society and not just doing well (making money) is important to you. Within the
business you have in mind, with which of these three options do you suspect you’d accomplish more general
good?
o Just making money and trusting the invisible hand to take care of the rest
o Making money and donating part of it to charity—that is, to people specialized in serving the general welfare
o Attempting to do good within your business by, for example, buying recycled materials or by paying wages
slightly above what people could get for the same work at other companies
4. Be able to describe the following types of ethical theories.
a. consequentialist theories
b. deontological theories
c. virtue ethics
7/14/2020 Writers Hub – Freelance Writing
https://www.writershub.org/writer/orders/614778#instructions 5/6
Instructions for Responses to Classmates’ Posts
After you have created your initial post, look over the discussion posts of your classmates and give at least three
responses to different classmates (one per classmate) as outlined in the Discussion Grading Rubric.
A response posting should be a minimum of one short paragraph. Word totals for these posts should be in the
75–150-word range. The goal of your response posts is to extend discussions already taking place or pose new
possibilities or ideas not previously voiced. Your goal should be to motivate the group discussion and present a
creative approach to the topic. Do not merely agree or disagree, repeating what a classmate stated or what you
have already stated. Explain the ‘why or how’ with supporting evidence and concepts from the course material.
Include in-text citations and associated reference within a reference list.
Self-Plagiarism
Self-plagiarism is the act of reusing significant, identical, or nearly identical portions of one’s own work. You
cannot re-use any portion of a paper or other graded work that was submitted to another class even if you are
retaking this course. You also will not reuse any portion of previously submitted work in this class. A zero will
be assigned to the assignment if self-plagiarized. Faculty do not have the discretion to accept self-plagiarized
work.
 
 
 
 

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