BUS221 Business Ethics, Lesson 13 Assignment

Question

Choose 5 questions to write about out of the following. No less than a one-page response.

 

  1. What are the main ways of organizing a business?
  2. What kind of business organization might be suitable for a plumber? Explain.
  3. Why might someone choose to organize as an LLC instead of a sole proprietorship?
  4. In legal terms, what is the relation between a corporation and those individuals who found the corporation?
  5. In what ways does the structure of a corporation protect its owners from absorbing ethical responsibility for the company’s actions?
  6. How can corporations raise money?
  7. For corporate advocates of the specific CSR theory, what are the responsibilities the corporation holds, and how are conflicts between those responsibilities managed?
  8. Create a hypothetical situation in which philanthropy would not be required of a corporation by CSR theory.
  9. What does sustainability mean within each of the three columns of the theory of the triple bottom line?
  10. How does the fair trade movement fit together with the triple-bottom-line theory of corporate responsibility?
  11. Who are the stakeholders in stakeholder ethics?
  12. What does it mean for a corporate director to “balance stakeholder interests”?
  13. What basic elements do CSR, the triple bottom line, and stakeholder theory have in common?
  14. What does it mean to say that, in ethical terms, a corporation is no different from a wrench?
  15. What primary responsibility do corporate directors have to shareholders? Why do they have it?
  16. Why should social issues be managed by government and not corporations?
  17. What is the connection between corporate social responsibility and the threat to freedom posed by socialism? How does socialism limit freedom?

 

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