write 400–600         words              that respond to the following       questions with your thoughts, ideas, and comments. Be       substantive and clear, and use examples to reinforce your       ideas.                       Part 1 (Post this response         in the main U2 DB thread “Unit 2 Discussion         Board”)                     In the Unit 1 Discussion       Board, you analyzed a corporation’s social responsibility       with regard to its customers. Not only do corporations have       responsibly to their customers, but their corporate officers       or directors owe fiduciary duties to their corporation and       its stockholders. Corporate officers, such as a chief       executive officer, president, chief financial officer,       treasurer, corporate secretary, and so on are agents and       carry out the daily operations of a corporation.              You are Phishy       Pharmaceuticals’ CEO, and therefore an agent of Phishy       Pharmaceuticals. As CEO (agent), what fiduciary duties do you       owe the corporation (principal)?                       Part 2 (Post this response         in the appropriate topic within U2 DB         [labeled â€œFOR” and “AGAINST”])                     Complete the       following:       1                  Review the fiduciary duties         owed by an agent to the principal.       2                  Choose a fiduciary duty,         and complete the following:         ·                      Provide an argument             that supports your decision to leave the diet pill on             the shelf. Submit your position by posting in the Unit             2 Debate Forum under the FOR topic.                                                            Case Example:               Phishy Pharmaceuticals       is a corporation that recently kicked off the sale of its new       weight-loss pill, Lose It Fast. After 3 months of sales, the       management team has received some troubling reports of some       unanticipated side effects caused by the pill. The management       team asks the accounting department to run some numbers to       determine how much it would cost to recall Lose It Fast, to       suspend manufacturing, and to conduct more tests to determine       the pill’s safety and other possible side effects.              After running some numbers,       the accounting department states that it would be more       cost-effective to leave the product on the market shelves and       propose settlement proceedings with anyone who is injured and       initiates a lawsuit.              The corporate attorney has       advised that the product’s packaging states that the       pill is not FDA-approved, and says off the record       that everyone who buys a weight-loss product knows there       are some risks involved, so it is likely that the majority of       injured consumers will not initiate a lawsuit.              If you recall the product, it       will result in a delay of dividends paid to shareholders, a       loss in revenue affecting shareholder profit, and possibly       your job as CEO.

                write 400–600         words              that respond to the following       questions with your thoughts, ideas, and comments. Be       substantive and clear, and use examples to reinforce your       ideas.    

                Part 1 (Post this response         in the main U2 DB thread “Unit 2 Discussion         Board”)           

       In the Unit 1 Discussion       Board, you analyzed a corporation’s social responsibility       with regard to its customers. Not only do corporations have       responsibly to their customers, but their corporate officers       or directors owe fiduciary duties to their corporation and       its stockholders. Corporate officers, such as a chief       executive officer, president, chief financial officer,       treasurer, corporate secretary, and so on are agents and       carry out the daily operations of a corporation.    

       You are Phishy       Pharmaceuticals’ CEO, and therefore an agent of Phishy       Pharmaceuticals. As CEO (agent), what fiduciary duties do you       owe the corporation (principal)?    

                Part 2 (Post this response         in the appropriate topic within U2 DB         [labeled â€œFOR” and “AGAINST”])           

       Complete the       following:    

1                  Review the fiduciary duties         owed by an agent to the principal.      

2                  Choose a fiduciary duty,         and complete the following:        

·                      Provide an argument             that supports your decision to leave the diet pill on             the shelf. Submit your position by posting in the Unit             2 Debate Forum under the FOR topic.          

                Case Example:               Phishy Pharmaceuticals       is a corporation that recently kicked off the sale of its new       weight-loss pill, Lose It Fast. After 3 months of sales, the       management team has received some troubling reports of some       unanticipated side effects caused by the pill. The management       team asks the accounting department to run some numbers to       determine how much it would cost to recall Lose It Fast, to       suspend manufacturing, and to conduct more tests to determine       the pill’s safety and other possible side effects.    

       After running some numbers,       the accounting department states that it would be more       cost-effective to leave the product on the market shelves and       propose settlement proceedings with anyone who is injured and       initiates a lawsuit.    

       The corporate attorney has       advised that the product’s packaging states that the       pill is not FDA-approved, and says off the record       that everyone who buys a weight-loss product knows there       are some risks involved, so it is likely that the majority of       injured consumers will not initiate a lawsuit.    

       If you recall the product, it       will result in a delay of dividends paid to shareholders, a       loss in revenue affecting shareholder profit, and possibly       your job as CEO.