Business Ethics And Corporate Responsibility Marketing Essay

Business Ethics And Corporate Responsibility Marketing Essay Describe the basic features that distinguish the three traditional forms of business ownership: sole proprietorships, general partnerships and C corporations. ~Sole proprietorship is a business that is owned and managed by one individual. Earnings of the company are treated as income and debts that arise are personal debts. It is the most common type of business organization in United States. ~General partnership: In this type of business all partners have right to participate in management of the firm and share any profits or losses. There is no limit on number of partners but usually it’s two. ~C corporation is a legal entity, separate and distinct from its owners. It’s owned by stockholders. Its mission and objective are established by board of directors and board of directors is selected by stockholders to protect their interests. Compare and contrast the advantages and disadvantages of sole proprietorships and general partnerships. ~Both are easy to form, have tax advantages, and unlimited liability. ~General partnership has a stronger financial base than sole proprietorship. ~On the other hand, general partnership can be destroyed much easier than sole ~proprietorship because of disagreements between partners. ~ Another disadvantage in sole proprietorship is that workload and responsibilities are on one person while in partnership it’s shared. What advantages help explain why virtually all large companies are organized as C corporations? ~Corporations can raise huge amount of financial capital ~It’s easy for stockholders to withdraw from ownership or sell shares of stock ~Stockholders have limited liability. They are not personally liable for the debts of the company. What steps are involved in starting a general corporation? ~Requires filing form called the articles of incorporation, with a specific state agency. ~Pay filling fees and establish corporate bylaws-basic the basic rules governing how a corporation is organized an d how it manages its business. ~Companies also choose corporation friendly states, because not all states are friendly and charge a lot of money. How is a corporation’s board of directors chosen? Explain the role the board plays in a corporation’s management. ~ According to corporate bylaws stockholders elect board of directors that they rely on to manage company and protect their interests. ~Board of directors establishes the corporation’s mission and sets its broad objectives. ~Board of directors then assigns the chief of executive officer and other corporate officers to manage company. Explain how S corporations, statutory closed corporations, and nonprofit corporations differ from C corporations. ~S corporation: IRS does not tax earning separately, can have no more than 100 stockholders, each stockholder have to be U.S. citizen or permanent resident. ~Statutory close corporation: Doesn’t have to elect a board of directors or hold annual stockholders m eetings, number of stockholders are limited to 50, stockholders can’t sell their shares to public without first offering to existing owners, not all states allow this type of corporation. ~Nonprofit corporation: Has members but not stockholders, cannot contribute funds to a political campaign, must keep accurate records, earnings are exempt from federal and state income, make tax deduction for individuals who contribute money or property.

Future work performance of students Article Example | Topics and Well Written Essays - 3250 words

Future work performance of students - Article Example Here, it is assumed that in all but owner- managed organisations the owner or owners (known in agency theory as the "principal") of an organisation must vest authority to an "agent"-corporate management- to act on their behalf. Harrison & Kessels (2004: 25-26). Given this perception, the principal in an organisation feels unable to predict an agent's behaviour in any given situation and so brings into play various measures to do with incentives in other to tie employee's needs to those of their organisation. In economic literature, the significance of information asymmetries, innovation and strategic behaviour has long been recognised. There exists a considerable literature on how incentives affect a variety of management problems and the methodology for analysis of incentive problems most notably the principal agent model (Muller & Turner 2006).Against this background, this paper centers on what motivating factors are more likely to influence students of my university future job performance. In order to be able to conduct an in-depth analysis of the importance, relevance and functions of effective human resource policies, I have chosen to encompass only a specific number of elements, on the role of motivation towards our university student's future performance. There are basically two-research approaches, the deductive approach in which you develop a theory and hypothesis and design a research strategy to test the hypothesis, or the inductive method in which you will collect data and develop theory as a result of your data analysis (Bryman & Bell 2004, Saunders et al 2007). A research method involves collecting data, with specific instrument such as a self-completion questionnaire or a structured interview schedule or where a researcher listens to and watches others (Bryman & Bell 2004). There are however two research methods from which the above examples stem from. The qualitative and quantitative research methods. None of the method is better than the other, as each of the methods becomes efficient and effective once used in the proper context (Bryman & Bell 2004). The proposed research questions were investigated on a convenience random sample of 50 students at the University. The selected University (Our campus) o'ers an

Three Positions on Abortion Essay Example | Topics and Well Written Essays - 1000 words - 1

Three Positions on Abortion - Essay Example It does not think that the act of abortion is legitimate under all circumstances. The position considers that the mother and fetus have certain rights. The conflict of rights is created because of the different considerations for the mother, fetus and the society. However, the acceptability of the action depends on the severity of such conditions. For example, if it is feared that there are chances that the fetus will born deformed, moderate position will allow abortion in such cases. The reason behind the acceptance of abortion in this case is that it will cause tremendous pain and suffering to the mother and the fetus itself. The loss or pain cause by giving birth to a child would be greater than the tragedy and loss of abortion. In other words, moderate position on abortion is the rational view of abortion. It requires doing what is best for the mother and the fetus. Hence it is a better alternative to conservative and liberal approaches. The moderate approach strikes a balance be tween liberal and conservative positions. I agree with this position because many a times there are situation when it is necessary to abort the child. People also have a tendency to abuse the abortion. They take it for granted and use it at the cost of rights of the fetus or the child. This harms the sanctity of life. Many people have compared such an act with murder. Since, it has been proven that the fetus gets the life after four months. Unlike liberal approach, the moderate approach will assume that the right of abortion for women should be until four months only. After that abortion should only be allowed if there are severe medical issues, it is feared that the child will be deformed, or in cases of rape and incest. Similarly, the moderate approach is better than conservative approach because it thinks that abortion should not be allowed under any condition. This approach can lead to fatal consequence. For example, if the woman dies in the process of child birth. This would le ad to loss of two lives. Hence, a rational approach in this case would be to allow abortion under certain scenario and let people use the option for the benefit of themselves and the benefit of the entire society. The moderate position on abortion takes into account various ethical frameworks. It takes into account the deontological framework in way that it calls for abortion in cases where the motives of the action are pure. It needs people to weigh the pros and cons of the action before taking the final action. As a result, the motives behind the moderate approach are more often than not pure and hence the deontological framework justifies the decisions taken under deontological framework. Rights-based ethics also justify the moderate position on abortion. Since, a part of women body is involved in the process of child birth, she has a right to abort the child if she want to. If she feels that the entire process of child birth is too painful for her body, or it will cause her stre ss then she can use right based ethics to justify her decision of aborting the fetus. Even consequential ethics allow the parents to abort the fetus. For example, if it is considered that overall standard of living of a family would fall after the birth of another child, the parents can choose to abort the child and this can be justified by using the consequential approach. Similarly, if it is felt that the birth of the child can lead to medical issues for the women or can lead to a deformed child that can cause stress and