Business Law Notes

Topics: Law, Justice, Social contract Pages: 1 (255 words) Published: September 18, 2013
1. One rule that emerges from the social contract is that people should never make unsupported judgments about one another but should instead always investigate the facts in an effort to uncover the truth about the character of a person or the nature of a situation. 2. utility thinking.

3. there are no objective or absolute standards of right and wrong. 4. utility thinking.
5. ethics.
6. If the social contract disintegrates, society would return to a "state of nature" in which people must fend for themselves. 7. Corporate decisions have an impact on more people than just the shareholders and managers. 8. Because corporations have constitutional rights, they owe an obligation to the public and to the community at large to act responsibly. In practical terms, this means that the decisions of corporate managers must not be narrowly focused on the profits of the shareholders. 9. situational ethics.

10. ethic of ultimate ends
11. eminent domain
12. utilitarianism.
13. situational ethics
14. There are those who say that a corporation has no social responsibility beyond making a profit for its shareholders. This is, in fact, the traditional view of corporate responsibility. 15. They believe that human values apply to all people at all times. 16. It states that to live harmoniously, people must give up certain freedoms. 17. Ethics can lead the way in difficult situations or in areas of the social structure into which the law has yet to venture. 18. Laws

19. Rational ethics
20. Natural law theory.
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • The Strategic Role of Human Resources Management in Promoting Corporate Social Responsibility in Business Organisations in Zimbabwe...
  • Business Law Essay
  • Business Law Chapter 31 Notes Essay
  • Business Entities, Laws, and Regulations Paper
  • Business Law Essay
  • Business Law Essay
  • Business Law Essay
  • Business Law Exam Essay

Become a StudyMode Member

Sign Up - It's Free