Ask Question
BusinessBusiness
16 June, 01:10

What are the strengths and weaknesses of Nozick's theory in relation to business ethics?

+5
Answers (1)
  1. 16 June, 03:10
    0
    Answer and explanation:

    American philosopher Robert Nozick (1938-2002) believed in "Personal Liberty". He meant individuals work to accrue money and what they accrue they must keep. Under this scenario, the government did not regulate the distribution of wealth because of the risk of them imposing taxes. The strength of the theory relies on the fact that people can obtain what they sacrificed for. The weakness is that non-skilled individuals who cannot work or who can only get jobs with minimum wages are likely to remain in poverty in the long term, while skilled workers would be getting richer and richer.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What are the strengths and weaknesses of Nozick's theory in relation to business ethics? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Southern Company's accountant failed to accrue as of 12/31/16 some employee fringe benefit program expenses that were incurred in 2016 and that will be paid in 2017. The result of this omission is to: a.
Answers (1)
Specifying constraints, identifying data needed for marketing actions, and determining how to collect data would take place during which step of the five-step marketing research approach? Multiple Choice Define the problem.
Answers (1)
Old Economy Traders opened an account to short sell 1,000 shares of Internet Dreams from the previous problem. The initial margin requirement was 50%. (The margin account pays no interest.
Answers (1)
You want to open a sushi bar 3 years from now, and you plan to save $7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today
Answers (1)
o generate estimates of gross domestic product (GDP), the Bureau of Economic Analysis must aggregate a variety of data sources, such as expenditure surveys.
Answers (2)
New Questions in Business
The sales department of a consumer products organization realized that its rivals were adopting new customer relationship management software to keep better track of their prospects.
Answers (1)
A company has the following per unit original costs and replacement costs for its inventory: Part A: 5 units with a cost of $5, and replacement cost of $4.00 Part B: 10 units with a cost of $6, and replacement cost of $7.
Answers (1)
Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4,500 for the car. Which of the following contract elements has not been met? a. Legality. b. Contractual Capacity. c.
Answers (1)
Overhead allocation based solely on a measure of volume such as direct labor-hours: A. is a key aspect of the activity-based costing model. B. will systematically overcost high-volume products and undercost low-volume products. C.
Answers (1)
Toby operates a small deli downtown. the deli industry is monopolistically competitive. toby says he is producing the quantity that minimizes his average total cost. assuming that toby is maximizing profits, his
Answers (1)
Home » Business » What are the strengths and weaknesses of Nozick's theory in relation to business ethics?
Sign Up Forgot Password?