How would the various ethical schools of thought evaluate each of the following situations?
Social Responsibility: This is the concept that business does not exist solely to make a profit, but also to give back some of what society has made possible, to repay society by being responsive to the public’s needs. At the same time, such public responsiveness may lead to further profitability. Mutual Beneficence: Business people have ethical responsibilities to each other and to the greater society. Responsibility to Stakeholders: Businesses have numerous stakeholders, from stockholders to officers, employees to suppliers, from consumers to regulatory agencies. Even the natural environment is a stakeholder. Ethical businesses respond to the legitimate needs and expectations of all stakeholders within normal profit-making parameters.
