Chapter 5
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 Argument
b) Materialization-of-Society Argument
c) 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?
11- Remember to bring a bit of BAD NEWS of some kind concerning the workplace in corporate America or the world: newspaper, internet, even a personal story (if something personal, try to sketch a brief paragraph, so you don't have to improvise it in class).
