SMG SM 131 Study Guide - Midterm Guide: Fixed Asset, C Corporation, Sole Proprietorship

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Rebecca Nichols

Document Summary

Csr is dangerous because it erodes democracy. Instead, it strategically reduces cost and maximizes profit. Csr diverts attention from the job of the government, which is to add regulations for real societal change. Csr is done to help the bottom line. Companies serve the public by making money for investors and serving customers. People are too complacent about company conduct when they claim csr and too lenient on the government about policy reform. I. e. congressional hearings for company wrongdoing and not actual change. Private enterprise should not conduct act of. Self-interest leads to betterment of the world. The ceo is chosen by shareholders to act in their best interest. Private enterprise only has 1 duty--which to increase profit by any means as long as it stays within the laws. Responsibility to everyone involved in the corporation. Some of the stakeholders include surrounding community, employees, shareholders. Business decisions are not made in isolation.