In view of the many advantages that business corporations receive from variousgovernments, do business corporations have...

In view of the many advantages that business corporations receive from variousgovernments, do business corporations have an ethical obligation to return some of their profits to the public good?

Expert Solution

Various government agencies and policies help corporations to thrive in competitive market. These government policies and agencies help corporations directly and indirectly to reap various advantages.

Hence, some scholars and non-governmental organisations criticize corporation for not giving enough back to society as these corporations tend to earn profits from this society. These corporations must be held liable for paying back some amount of profits.

Further on other side, some scholars hold that corporations are not required to pay back profits as long as these firms obey rules and norms set by the government. Further, they hold that these corporations pay taxes and these should not be subject to further obligation towards the paying back some profits in form of business responsibilities.

But, corporations earn profits from this society and profitability of corporations depends on well being of society. Hence, these corporation must contribute some amount towards the well being of society. It would change mind set of people towards business houses.

Thus, corporate can contribute towards society if it feels safe and sustainable future earning.

Rahul Sunny answered 2 years ago

In view of the many advantages that business corporations receive from various governments, do business corporations...

In view of the many advantages that business corporations receive from various governments, do business corporations have an ethical obligation to return some of their profits to the public good?

Define the advantages that the law affords affords to business corporations. In view of the many...

Define the advantages that the law affords affords to business corporations. In view of the many advantages that the law affords affords to business corporations, what additional responsibilities or obligations if any should a business corporation have to the public. If you were advising a client on picking a business form explain why a corporation would be a good choice. Also explain why a corporation would be a bad choice. What does it mean to be a responsible corporation?

Are corporations moral agents? Do they have moral responsibilities? Or in your view, do only human...

Are corporations moral agents? Do they have moral responsibilities? Or in your view, do only human beings have moral agency and moral obligations?

List and discuss the advantages and disadvantages of Incorporating a business (Characteristics of Corporations).

Do corporate shareholders have an obligation to make certainthat their business corporations act in an...

Do corporate shareholders have an obligation to make certain that their business corporations act in an ethical and proper manner in conducting their business. Describe some example of companies that did not behave this way. What happens when a corporation does not act ethically? Please cite some examples.

Many managers view the purpose of business as making a profit, whereas some view

Many managers view the purpose of business as making a profit, whereas some view the purpose as being able to create and maintain a customer. Explain how these alternative viewpoints could affect a company’s interactions with its customers. Use examples to illustrate your answer. If a manager views the purpose as being able to create and maintain a customer, does this mean that the manager is not concerned with profits?

The book (Book: Business, 4/e) lists many advantages and disadvantages of small business ownership, which do...

The book (Book: Business, 4/e) lists many advantages and disadvantages of small business ownership, which do you agree with the most? Would you start a business? How are websites like Kickstarter and Gofundme helping with small business ownership?

Why do business from clusters and what are the advantages or disadvantages of clustering?

How do multinational corporations differ from other companies that participate in global business?

“Do Corporations have the same free speech rights as persons?” U5Q: Revisit Issue: “Do Corporations have...

“Do Corporations have the same free speech rights as persons?” U5Q: Revisit Issue: “Do Corporations have the same free speech rights as persons?” Again, be sure to do some serious research and read some relevant material, cite, discuss. Post any good links

Question