Currrent Business Problems: Case Studies: Lehman Brothers, British Petroleum, Monsanto, Merck, …This discussion assignment requires you to submit at least four posts: an initial post, two reply posts to fellow students in threads other than your own, and a revised post. Prepare: In your first post inthis discussion, you will identify and apply one ethical theory of yourchoosing to a current problem in business, also of your choosing. Startby reviewing your notes on the Week One course material and yourcompleted work for Week One. Then, choose one of the three ethicaltheories—i.e., utilitarianism, deontology, or virtue ethics—on the basisof your thoughtfully considered preference in general and independentof the business problem that you will select here. Keep in mind that youwill employ this ethical theory for supporting your position not onlyfor this discussion, but also for this week’s assignment and the FinalProject.To prepare for your selection of the currentproblem in business, look at the list of required articles andmultimedia which are divided in the six case-categories as follows:Banking (Lehman Brothers)Environment (BP)GMOs (Monsanto)Pharmaceuticals (Merck)Gender Discrimination (Goodyear)Factory Farms (Perdue)Choose the case-category that you find the mostinteresting and note that each category also corresponds to oneparticular case. Please choose carefully because your choice for thisdiscussion will establish the case that will be central to yourargumentative essay this week as well as your Final Project in WeekFive. It is recommended that you leaf through all the required resourcesindicated for the possible case-categories that you identify aspossible contenders before making your final choice. Reflect: Once you have selectedyour ethical theory and your case category, articulate thecharacteristics of the economic system (or combination of both systems)that serves as the setting for the case presented in the case categorysources. Given this context, examine how the nation’s laws affect theoperations of the business.Next, identify the characteristics of your chosenethical theory and its notion of the moral good. For the latter, youwill need to review again the PowerPoint that was introduced in WeekOne, which is also listed in this week’s Required Resources and it istitled The Moral Good in Three Traditional Ethical Theories. Then, thinkhow you would apply the ethical theory to the specific problempresented in the case category sources. Write: Start your post by (a)identifying the issue or problem that you want to address in the casethat you have selected and providing an impartial presentation of thecontroversy, (b) articulating briefly the characteristics of theeconomic system that serves as the setting, and (c) examining the lawsthat affect the operations of the business.The following illustration should help. Consider,for example, the case of Uber that we examined in Week Two. If theCalifornia decision establishes a precedent for similar claims, thenUber would have to do business as an employer and not merely as aservice that pairs consumers with ride sharing services by means of aunique phone app. Accordingly, the law would require Uber to reimburseits drivers for certain costs and perhaps offer benefits. Take inconsideration, then, the legal setting for the case that you havechosen. Does the case take place in the United States or anothercountry? What are the laws that are relevant to the problem underexamination? Keep in mind that all laws are constraints on our actions,whether those by individuals or corporations. The relevant laws, then,will be (a) any laws that present not only a constraint on the company’soperations, (b) any laws that are being violated by the corporation,or (c) any laws that unfairly limit the goods and services that can beoffered to and are demanded by consumers.In a second paragraph, formulate a sentence thatpresents the moral position that you want to defend in regard to theissue or problem introduced in the previous paragraph.In the same paragraph, present the ethical theorythat you choose to employ. Your choices are utilitarianism, deontology,and virtue ethics, and the necessary material is included in therequired readings and media. Make sure to identify the characteristicsof the ethical theory, and include in-text citations and full referencesin APA form at the end of the post. Once you have done this, apply theethical theory to your selected case by explaining how it lends itselfto the moral position that you are defending. Revise: Read the feedbackprovided by your professor to your initial post, either directly to youor to your fellow students. Use this as an opportunity to learn fromyour professor, especially with regard to the best ways to apply thecourse material and your research to your analysis. On the basis of whatyou have learned in this process, post a revision of your initial postthat applies the additional knowledge that you have gained.Remember that your grade depends on the qualityof your initial and revised responses, not just on the submission of anattempt at improvement. It is thus to your advantage to post the bestinitial post you can and then to also improve that best effort as muchas you can through revision. Taking this process seriously will help youdevelop the skills you need to do well on the final project. Requirements for Your Initial Post:Your initial post should be at least 400 wordsin length and have citations and references in APA notation. It shouldaddress the prompt in its entirety. This means that you should not splityour response to the prompt in multiple posts. Your examination shouldbe both thorough and succinct. This is a combination that demands timeand thought, so give yourself sufficient time to draft and revise.Please be advised that until you post, youwill not see what your fellow students are posting. Once you submit yourpost, you will be able to view the posts from your other classmates.You can then proceed to reply to at least two different threads based onthe required material for this discussion.Your list of references for your initialpost should include the videos and the other required reading materialpertaining to your chosen subject heading, as well as the ethics,economic, and law components of Weeks One and Two, the InstructorGuidance, and any other announcements presented to you by yourprofessor. In addition, your references should include any othersources that you consult to inform yourself about your chosen casecategory (but not Wikipedia or similar sources).Your initial post for this discussion should be submitted no later than the end of Thursday (11:59 pm, U.S. Mountain time). Requirements for Replies to Other Threads:At least two of the four posts required should be in the form of replies to fellow classmates in threads other than your own.Each of your replies should be at least 200 words and informed by the required course material.As such, the replies must have citations and references in APAnotation. Your list of references for each reply should include all ofthe course material that has informed your reply, in addition to anyresearch that you have obtained on your own.Your replies should focus on the specificexamination presented by your fellow student and these should include anexamination of whether or not the characteristics of the ethical theoryand/or economic system were identified well, and whether or not theirapplication and analysis were also carried out successfully. Providingsuch an examination is not an attack on your fellow student but anattempt to work together with your fellow student toward the betterunderstanding of the ethical theories employed, as well as theirapplication. Requirements for Revising your Initial Post:Submit a revision of your initial post byeither replying to your own post, or to the feedback provided to you byyour professor.There is no minimum word requirement foryour revised initial post. But you should always explain the reasons forrevising your post so that it is clear what you are doing. If you arerevising only a few words, or an ethical theory, you shouldavoidsubmitting a post with vague language such as: “another ethicaltheory works better here” or “I now understand how to do the analysis.”It is important to recognize that no one can read your mind so you needto provide the setting for your revision (Why? What prompted it? Whatcourse material informed you?).Your revised initial post is your chance tocorrect any oversights or errors in your initial post, or show yourimproved understanding of the material and its applications to the caseat hand. You may, for example, come to the realization that anotherethical theory is better than the one that you initially chose.Accordingly, your revision should indicate that you chose anotherethical theory and an explanation why you find the replacement moresuitable. You may also find the need to revise any relevant portions ofyour analysis. Or, you might have realized that your conclusion did nottake into account important factors necessary for your evaluation ofthe situation.You should maximize the improvement of your initial post by employing your professor’s feedback as a guide.Keep in mind that you may not always receive direct feedback from yourprofessor. But your professor will have submitted feedback in thediscussion to other posts. So read your professor’s feedback whether itis addressed to you directly or to other fellow students. This willgive you much to think about and apply to your own post.If your professor or a fellow classmateresponds to your revised initial post, and on this basis, you find goodreason to submit yet another revision, then by all means do so. Themore you improve your initial post, the more you will benefit both interms of your learning and most likely your grade. Carefully review the Discussion Forum Grading Rubric for the criteria that will be used to evaluate this Discussion Thread.Hardy, J, Foster, C., & Zúñiga y Postigo, G. (2015). Section 9.1: The Argumentative Essay. In With good reason: A guide to critical thinking. Retrieved from https://content.ashford.edu/Section 9.1: The Argumentative Essay is a section ofChapter 9 of the introductory course in logic textbook that is employedin the PHI103 Informal Logic course offered at Ashford University. Thelink for this source will take you to a PDF format of this chapter.Section 9.1 introduces the thesis and premises in an argumentativeessay, which are elements that students in this course must employ inboth assignments in this course. Hardy, J, Foster, C., & Zúñiga y Postigo, G. (2015). Section 9.2: Strengthening the Argumentative Essay. In With good reason: A guide to critical thinking.Retrieved from https://content.ashford.edu/Section 9.2: Strengthening the Argumentative Essayis a section of Chapter 9 of the introductory course in logic textbookthat is employed in the PHI103 Informal Logic course offered at AshfordUniversity. The link for this source will take you to a PDF format ofthis chapter. For the purposes of the work for this week, it will benecessary to read only thesubsection called Clarification and Support.This subsection explains the kind of support needed in an argumentativeessay for the claims offered in its premises, which students in thiscourse must know in order to apply in discussions and both assignments. Zúñiga y Postigo, G. (2015). The moral good in three traditional ethical theories [PowerPoint Slides].This PowerPoint document covers the maincharacteristics of utilitarianism, deontology, and virtue ethics, andwhat is the moral good in each of these.