Bob Van Dijk and his Billions - Case Study - Economics Assignment Help

Assignment Task

Bob van Dijk and his billions
Time for you to think a little again. In the crossroads assignment, one of the multiple choice questions was the following:

“In the 2018/2019 financial year, Bob van Dijk, the CEO of Naspers earned a total remuneration (salary, incentives and options) of R 1.9 billion.” My personal opinion on this statement is most closely described by:

A. Good for him – he worked hard to earn this

B. The only problem I have with this is that this money is in van Dijk’s bank account and not in mine

C. No problem with this. I'm sure van Dijk donates huge amounts to charities

D. I think that it is morally wrong for anyone to earn that much money

E. I think that active steps should be taken to correct such immoral executive remuneration practices

Do you remember which option you chose? (If you haven't done the crossroads assignment you need to go and do it now.)

Anyway, in this assignment we are going to zoom in on option A specifically: “Good for him – he worked hard to earn this”. What this option is basically saying is, that you think that van Dijk's earnings are completely reasonable and justifiable?

What we want you to do in this assignment is to examine this act (i.e. you taking ZAR 1.9 billion for a year’s work) from the perspective of Kant’s formula of universal law version of the categorical imperative.

INSTRUCTIONS:

Step 0: Do Assignment 1

If you haven't already done it, please go to the "Online Assessment" tool and do Assignment 1 now.

Step 1: Evaluate the act using Kant’s categorical imperative (We've done the first 2 stages for you)

1. State your proposed act as a maxim:"van Dijk will take ZAR 1.9 billion (A) when he's done a year's work  (C) in order to get really, really rich (E)."

2. Restate this maxim as a universal law;"All people (7 billion of them) will take ZAR 1.9 billion when they've done a year's work in order to get really, really rich."

3. Ask whether your maxim is conceivable in a world ruled by the universal law; and finally You need to fill in this stuff...... 

4. Ask whether you would rationally act on your maxim in such a world. 
And this stuff....

Step 2: Form an opinion

On the basis of your analysis, answer the following questions:

1.  What would Kant probably have said about van Dijk earning ZAR 1.9 billion?
(You might want to do a bit of research into the nature of van Dijk's 2018/2019 earnings).

2. "What do you think about van Dijk earning ZAR 1.9 billion?”

3. Why do you think this?

Step 3: Write your answers to steps 1 and 2 in a Word document

Although it is technically possible to write your answer directly into the myUnisa discussion forum, we would strongly advise against this. Rather write it in a Word document that you can save somewhere just in case something goes wrong with the submission process.

Your answer should be an absolute minimum of 400 words.

Step 4: Submit your answers  from steps 1 and 2 for marking 
To do this you need to go to:

Discussion tool -> FORUM: "02: Do the right thing" -> TOPIC: "Assignment 02: Do the right thing"

Once there: 

1. Open the editing window by pressing any "Reply" link that you find, just as you did when you introduced yourself earlier;
2. Copy your answer from your word document;
3. Paste you answer into the editing window you have just opened
4. Press the "Publish" button;
5. Finally, check that your assignment has been published by scrolling through the discussion forum to find it - NB - if you can't find it it means that the publish function didn't work so you need to redo it.

 Step 5: Have a look at what everyone else has written and discuss

This Economics has been solved by our Phd Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.