Business&Society - Ruben Sauceda Business & Society January...

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Ruben Sauceda January 7, 2010 If I was J.R. McWare, and I were faced with the revelation of the PBS program on Monday, what would I do? In a marketplace, buyers and sellers come together to make deals. In McWane’s case, they come to the marketplace to buy labor & employees sell their time and labor for a fair price. Each market place has its own set of rules. For example, the US has laws against child labor and food preparation standards, etc. However, if there are no people enforcing the rules- the set up is moot. Individuals that join McWane do so based on these laws/rules of the marketplace. According to “The Normative Theories of Business Ethics” by John Hasnas, the Stockholder Theory is where businesses are merely arrangements by which one group of people, the stockholders, advance capital to another group, the managers, to be used to realize specified ends and for which the stockholders receive an ownership interest in the venture. After reading the rest of the definition, I could face the audience of this
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This note was uploaded on 04/13/2010 for the course BUSINESS BUS6033 taught by Professor Smith during the Spring '10 term at Neumann.

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Business&Society - Ruben Sauceda Business & Society January...

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