Chapter 11

1. Briefly define the two ethical systems, Collective to Individualistic, explain how business has changed over time from one to the other. Collective and Individualistic:

With which do you find yourself identifying most? Explain.

With which would most business students identify? Explain.

2. Respond to the following questions about Regulation costs and benefits Identify one of the major benefits and one costs of government regulation.

o Benefit:

o Costs:

In general, do you think the benefits of government regulation exceed the costs or do the costs exceed the benefits Explain your answer.