Cost benefit analysis in the pinto decision to recall

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Reference no: EM132229834

Put yourself in the role of the recall coordinator for Ford Motor Company in the Pinto Case study:

(a) What is cost benefit analysis (define it) and is it appropriate where human life is part of the cost calculation? why or why not?

(b) How would Milton Friedman (profit/ shareholder maximization)view cost benefit analysis in the Pinto decision to recall? how would Ed Freeman (stakeholder) view it? how about the Golden Rule, would there be a different result?

Reference no: EM132229834

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