Friday, October 6, 2006

PHI 2604 Chapter 5: HOMEWORK

1- What is a limited liability company?
2- Provide an account on the evolution of corporations?
3- Define the three senses of “responsibility” as defined on p. 208.
4- Can corporations make moral decisions? Explain.
5- Is the vanishing sense of individual responsibility inside corporations enough to absolve or excuse unethical corporate decisions? Why not?
6- Define the narrow view of profit maximization
7- Define the broader view of corporate social responsibility.
8- Explain the following arguments:a) Invisible Hand Argumentb) Materialization-of-Society Argumentc) Inept Custodian Argument.
9- Can corporate ethical policies be institutionalized? How?
10- In which way corporate culture plays a part in achieving a more ethical corporate environment?

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