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@jwarrick6 said:
I said that Robert Tens was a Proponent of the Social contract as he acknowledged a moral duty but also that there would be a benefit to the company in doing so.I said that Margaret (can’t remember her name now) was the Pristine Capitalist as she believed there were no moral obligations outside of their duty to the shareholders and that maximizing shareholder wealth was their primary objective.
I thought it should be expedient point of view? Social Contracts is when company exists because society wants them, residents doesnt seem happy for extension of factory. Robert Ten seems to be following ethics in order to fulfill co objectives…
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what health and safety risks did anyone come up with?
Also were the reasons for keeping ceo and chairman apart that was demading role, too much power etc?@jwarrick6 said:
I said that Robert Tens was a Proponent of the Social contract as he acknowledged a moral duty but also that there would be a benefit to the company in doing so.I said that Margaret (can’t remember her name now) was the Pristine Capitalist as she believed there were no moral obligations outside of their duty to the shareholders and that maximizing shareholder wealth was their primary objective.
isaid Ten is expedient and MAGRET IS PRISTINE CAPITALIST
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@galloping said:
cant remember the question exactly but your answer is along the right lines.Found the exam quite easy, no time pressure even guessed the pristine capitalist part of gray,owens. Good luck people!
Hope so! yeh i finished few mins early too.. very unusual. glad to know i wasnt the only one
i failed in June but thought June was much easier, Was not happy today more application less theory will just have to see Thought some of the questions were badly worded
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Hi, regarding Q4 and the continuum of ethical positions. Did this question require us to list all seven positions of the continuum, or was it only asking for the stages at either ends of the continuum(pristine capitalists and deep ecologists) I only mentioned the 2 at either ends. 🙂 thanks
It could just as well have been expedient, depends on how you argue your point.
If the company relies on the community, i.e. for employees, customers and to accept the expansion then it could be a two way contract with society…
Overall it was challenging.
For Robert I thought he actually had 2 different views going. First statement to me was more of social ecologist – company caused problem so should fix it. Second statement to me was an Expedient.
Margaret is completely Pristine Capitalist.
That’s what I thought.
Best wishes in results everyone. Exams are finally done now I can sleep LOL 😀
I thought this paper was hard on a few niggling issues.
question 1 was tricky because of the issue relating to the joint venture, that made things appear to be more complicated.
i found the statement bit difficult especially arguing against the senators viewquestion 2, the bit about taking account of all stakeholders made this question tricky.
not feeling confident, just felt like i was really short on ideas on what to write
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The paper was doable, but I have messed it up , my timt mgnt was poor.
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The paper was doable, but I have messed it up , my timt mgnt was poor.
@craig806 said:
Hi, regarding Q4 and the continuum of ethical positions. Did this question require us to list all seven positions of the continuum, or was it only asking for the stages at either ends of the continuum(pristine capitalists and deep ecologists) I only mentioned the 2 at either ends. 🙂 thanksjust the two ends, pristine capitalists and deep ecologists.
what i dont understand is why they asked to expain the pristine capitalist view and then margaret was also pristine capitalist, so you had to write twice the same. it was a bit weird.
big case study = BP
i think the exam was easy, but i wont pass because i could not produce the answers they want to see 🙁 too much time-pressure for me.
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i failed P1 in Dec 2010 as didn’t work out the exam technique. this examiner likes asking questions based on his articles. ALARP, subjective/objective risk assessment were in his articles (oct 2010 if not mistaken). He also likes to put everything on continuum )))) I made sure that i read all his articles by this exam, therefore did not struggle with exam. But it was tough to read the requirements as it was not always easy to understand what is implied.
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I liked the subject, so found the exam ok.
Objective & Subjective confused me a little.
I guessed Objective was an inherint risk, like a truck driver having a crash
And Subjective was a matter of opinion, like the truck driver speeding, hense a higher chance of crashing
Even now, it doesnt sound right, but it was only a small part of the question, so shouldnt matter on the marks.
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I remember the Q1 is quite hard to me .and there are many tips which is not very familiar with turns out ,sush as proxy vote , market risk ,subjective and objective risk ,even institution investor ,all those may be the barriers to student to pass .let’s only God help
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