the debate over corporate moral agency hinges on which issue course hero

A long-standing question in business ethics is whether business enterprises are themselves moral agents with distinct moral responsibilities. To date, the debate about corporate moral agency has focused on responsibility for past wrongdoing that involves violating negative duties (i.e., duties to refrain from certain actions).

Full Answer

Why is corporate responsibility defended?

Who should corporations welcome?

What is a corporation?

Who is liable for corporate debt?

Is incorporation a gift or a by-product?

Is business a moral agent?

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Which of the following is one of the three arguments in favor of narrow corporate social?

Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in this chapter? promote open and free competition. corporate culture can be both explicit and implicit. The debate over corporate moral agency hinges on which question?

Who is a corporation's top obligation?

Profits as the Highest Responsibility of Business By this theory, corporate executives are employees, and a company's shareholders are the boss.

Which of the following do proponents of the broader view of corporate social responsibility believe quizlet?

Which of the following do proponents of the broader view of corporate social responsibility believe? Businesses have other obligations besides making a profit.

What is the purpose of corporate social responsibility?

What is the purpose of corporate social responsibility? The purpose of corporate social responsibility is to give back to the community, take part in philanthropic causes, and provide positive social value. Businesses are increasingly turning to CSR to make a difference and build a positive brand around their company.

Can a corporation be morally responsible for its actions?

According to the legal compliance view, famously argued by Milton Friedman, corporations have no obligations to society, including moral obligations, outside of their legal obligations. Here the distinction between morality and the law is important.

Which of the following is true of a regulatory approach to environmental problems Group of answer choices?

Which of the following is true of a regulatory approach to environmental problems? It requires the EPA or other body to determine the most effective, feasible pollution-control technology for each different industry. Regulation is always the most effective way to allocate the costs of environmental protection.

What concept is supported by those who believe that corporations should help improve the lives of citizens group of answer choices?

Answer and Explanation: Social responsibility is the idea endorsed by those who claim that businesses should contribute to improving the citizen's lives.

What was the effect of the Supreme Court's ruling in the Citizens United case quizlet?

The Court ruled, 5-4, that the First Amendment prohibits limits on corporate funding of independent broadcasts in candidate elections.

What are the obligations of a corporation?

Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to a corporation as a "legal person."

What are the obligations of a company?

Obligation for preparing XBRL financial statements by company. ... Obligation for obtaining CARO from auditors by company. ... Obligation for preparing Cash Flow Statement by company. ... Obligation for obtaining certificate (MGT-7) from company secretary by co.More items...•

What are the obligations of corporate governance?

Their duties include establishing company strategy and direction, monitoring company management, assuring the integrity and truthfulness of company financial reporting and protecting the long-term assets of company shareholders.

What are the obligations and liabilities of a corporation?

Corporate liabilities can be finance-related, accounting-related, or legal in nature. Some examples of corporate liabilities include (but are not limited to) bribery, false claims, embezzlement, insider trading, and violations of environmental laws.

Why is corporate responsibility defended?

According to Melvin Anshen, the case for a broad view of corporate responsibility can be defended on the basis of there always being a kind of social contract existing between business and society.

Who should corporations welcome?

Corporations should welcome the outside opinions of society as a whole, local communities, customers, suppliers, employees, managers, and stockholders.

What is a corporation?

Legally a corporation is a thing that can endure beyond the natural lives of its members and that has incorporators who may sue and be sued as a unit and who are able to consign part of their property to the corporation for ventures of limited liability. true. Corporations differ from partnerships and other forms of business association in two ways.

Who is liable for corporate debt?

corporate shareholders are liable for corporate debts only up to the extent of their investments.

Is incorporation a gift or a by-product?

The idea that incorporation is a by-product of the people's right to associate, not a gift from the state.

Is business a moral agent?

According to John Kenneth Galbraith, business's social role is purely economic and corporations should not be considered moral agents.

Which argument supports the narrow view of corporate social responsibility?

The idea that corporations will impose their values on us supports one of the arguments for the narrow view of corporate social responsibility. (T v F)

Why is corporate responsibility defended?

According to Melvin Anshen, the case for a broad view of corporate responsibility can be defended on the basis of there always being a kind of social contract existing between business and society.

What is a corporation legal?

Legally a corporation is a thing that can endure beyond the natural lives of its members and that has incorporators who may sue and be sued as a unit and who are able to consign part of their property to the corporation for ventures of limited liability.

What does ethical egoism mean?

Ethical egoism says that human beings are , as a matter of fact, so constructed that they must behave selfishly. (T v F)

What is a business' social responsibility?

a business has no social responsibilities other than to maximize profits.

Which theory of ethics never considers the consequences of an action or rule when making a moral judgment?

Nonconsequentialist theories of ethics never consider the consequences of an action or rule when making a moral judgment. (T v F)

Which is intrinsically good or worthwhile?

According to Jeremy Bentham and John Stuart Mill, pleasure is the one thing that is intrinsically good or worthwhile. (T v F)

Abstract

A long-standing question in business ethics is whether business enterprises are themselves moral agents with distinct moral responsibilities. To date, the debate about corporate moral agency has focused on responsibility for past wrongdoing that involves violating negative duties (i.e., duties to refrain from certain actions).

Citation

Hsieh, Nien-hê. "Corporate Moral Agency, Positive Duties, and Purpose." In The Moral Responsibility of Firms, edited by Eric Orts and N. Craig Smith. Oxford University Press, 2017.

Why is corporate responsibility defended?

According to Melvin Anshen, the case for a broad view of corporate responsibility can be defended on the basis of there always being a kind of social contract existing between business and society.

Who should corporations welcome?

Corporations should welcome the outside opinions of society as a whole, local communities, customers, suppliers, employees, managers, and stockholders.

What is a corporation?

Legally a corporation is a thing that can endure beyond the natural lives of its members and that has incorporators who may sue and be sued as a unit and who are able to consign part of their property to the corporation for ventures of limited liability. true. Corporations differ from partnerships and other forms of business association in two ways.

Who is liable for corporate debt?

corporate shareholders are liable for corporate debts only up to the extent of their investments.

Is incorporation a gift or a by-product?

The idea that incorporation is a by-product of the people's right to associate, not a gift from the state.

Is business a moral agent?

According to John Kenneth Galbraith, business's social role is purely economic and corporations should not be considered moral agents.