Legal Responsibility Legal responsibility defines the boundaries that businesses are expected to fulfill their economic goals within the legal frame work. ... Discretionary Responsibility Discretionary responsibility refers to behaviours that go beyond the economics, law and ethics in order to make social contribution. ... Ethical decisions made by management are also known as Managerial ethics. ... Corporate must, of course, concern legal responsibility while all economic goals and procedures are expected to be carried out within the legitimate region. ... This is a legal example of a ...

• Word Count: 1287
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

Corporate Social Responsibility Many moral reformers in business ethics argue that business managers should transform themselves from agents of capital into agents of society who are morally responsible in solving social problems by using economic resources under their control. The traditional agent of capital view states that a corporation's only responsibility lies in making a profit through fair and legal business practices. ... There are also a number of alternative theoretical bases, including the theories of procedural and distributive justice, virtue ethics and th...

• Word Count: 1730
• Approx Pages: 7
• Grade Level: Undergraduate

These are financial, political, legal and social/cultural influences. ... Legal influences are dispute resolutions; contracts; negotiated, mediated and arbitrated solutions; court solution; and patents, trademarks and copyrights. ... Influences from this are spoken languages; non-verbal language (refers to the messages we convey through body movements, facial expressions and the physical distance between individuals); tastes; religion; varying business practices and ethics; gifts; and bribes. ...

• Word Count: 1675
• Approx Pages: 7
• Grade Level: Undergraduate

1 INTRODUCTION Assignment 1 of Media Studies introduces 3 important topics of focus which are media policy and regulation, media and communication markets and media representation. Media policy is the first topic and it emphasises on how media regulated and controlled by using the 5 stages of polic...

• Word Count: 1897
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Utilitarianism is also the opposite of deontological ethics, which state that actions can only be criticized if they are done with duty or good intention essentially, man is not used as a means to an end and that the action does not violate the side-constraint. ... There are certain legal provisions where companies have to concentrate and care on social problems. ...

• Word Count: 1947
• Approx Pages: 8
• Grade Level: Undergraduate

In 1751, Smith was appointed professor of logic at Glasgow University, transferring in 1752 to the chair of moral philosophy, lecturing on several topics including natural theology, ethics, and political economy. ... "He stated that the role of government is to protect the land from foreign invasion, enforce contracts and maintain a physical and legal infrastructure that promotes commerce and investment"(Smith 451). ...

• Word Count: 3103
• Approx Pages: 12
• Grade Level: Undergraduate

Task 1 Different Types of Organizations and the Purpose 1.1 Purpose of organization Before we learn about the types of organizations, we need to learn the basic purpose of setting organizations. The main purpose of organization is to provide a pathway to their business setup and to set the main objective for their business. Organizations help in making profit in a standard way. The different purpose of organizations helps in building the structure of company. Different Types of Organizations There are three types of organizations in business field. ...

• Word Count: 6987
• Approx Pages: 28
• Has Bibliography
• Grade Level: Undergraduate