Question

6. Freeman denies that “business ethics” is an oxymoron. What is an oxymoron, and why would

someone suggest that “business ethics” is one? Freeman counters that “business ethics” is

simply a redundancy; what is his point about this?
7. While it is commonly assumed that addressing the interests of several stakeholder groups requires

making a lot of trade-offs, Freeman thinks that the main challenge facing decision-makers is to find an “intersection” of mutual benefit.

(7a) What does this mean?
(7b) How would Freeman respond to someone who thinks that it is irresponsible not to

work constantly and exclusively to maximize profits for the sake of the “people

with the money” (as Friedman suggests)?
8. Supposesomeonewantedtousethestakeholdermodelbutwiththeaimonlytomaximizeprofit.

This is not Freeman’s position, but he would take that person already to be on the way to making more ethical decisions than otherwise. Explain how this could be so.

9. It is sometimes assumed that stakeholder theory is just the same as a “social responsibility” theory. Mackey firmly rejects this assumption. Why?

Answer 1

answer-

6-An oxymoron is two words put together that are contradictory and people may assumer "business ethics" is one because people make unethical decisions in business often. Freeman believes these two words are redundant bc people oght to be thinking about the effects of their business and think about their stakeholders. Thinking about all of their stakeholders is thinking ethically.

7- The intersection of mutual benefit according to freeman is to have products and services that benefit consumers and the community. Freeman would not agree with someone who thinks working exclusively for profit for the sake of people with money is wrong because you must benefit all stakeholders even the ones who do not directly contribute money to your business.

8-Freeman would agree with someone using the stakeholder model exclusively for profit because they are still considering all stakeholders while making their business decisions you will still be creating value to all stakeholders.

note- by HomeworkLib guidelines, we are supposed to answer one question from many question. but i answered more than that. remaining question can be posted separately.