Governing mechanism for global business exchanges, Business Management

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Governing mechanism for global business exchanges

Assignment:

Question 1. What is Integrated Social Contract Theory (ISCT)?
a. Define Moral Free Space vs. Hypernorms
b. Define Micro Social Contract vs. Macro Social Contract
c. Define Authentic norms vs. Legitimate Norms
d. Explain how these for normative frames fit together to form ISCT.

Question 2. Explain the three elements that rational global business persons would agree to as a governing mechanism (macro-social contract) for global business exchanges.

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Business Management: Governing mechanism for global business exchanges

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