Assignment
Details:
Corporations have a lot of influence over the economy, the community, and people. The traditional view of corporate responsibility is that a corporation has no additional social responsibility beyond making a profit for its shareholders. In more recent years, arguments have arisen with the belief that corporations have a high degree of social responsibility to people who are affected by their decisions.
If you decide to recall the product, it will result in a delay of dividends paid to shareholders, a loss in revenue affecting shareholder profit, and possibly your job as CEO. Choose a position on the argument, and discuss you answer:
• FOR argument: Would you be for leaving the cars on the street because you feel your duty as a corporate manager is to maximize shareholder profits? If so, under what corporate social responsibility theory would you be operating?
• AGAINST argument: Would you be against leaving the cars on the street and recall the product because you feel the corporation owes a duty to the public, consumers, and the government in terms of social responsibility? If so, under what corporate social responsibility theory would you be operating?
Text Book: Introduction to Business Law with Student Manual
Author: Editorial Board
Type: e-Book - BvD
Publisher: Words of Wisdom, LLC
Edition: 2
ISBN: 9781943926107
Class: BUSN150-10-1902B.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.