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QUESTION 1
(a) Businesses are increasingly exposed to scrutiny and criticisms. Discuss four strategies which can be adopted by businesses to respond to these criticisms
(b) Critically analyse four principles which managers may adopt in ethical decision-making
QUESTION 2
According to Milton Friedman, the social responsibility of business managers is to maximise profits. How far do you agree with his claim? Use appropriate instances to illustrate your answer
Existing machine Purchased 3 years ago Cost=22,000 Installation= 3000 Depreciation=3 years using the MACRS - 5 year Recovery schedule Current market value=10,000
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(a) Cultural diversity have to be preserved and promoted, as the lack of knowledge, appreciation and understanding of other cultures often cause conflict and hate between people. S
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