BUS 221 Lecture 9: BUS Lecture 9

• School: Elon University
• Department: Business Administration
• Course: BUS 221
• Professor: Amy Allen

Document Summary

Perpetual existence and separate existence from its owners. Owners don"t always make money when the business makes money. Owners are not entitled to pro ts unless dividends are declared. Arti cial entities with existence o cially recognized by law. Legal agents (can sue and be sued) with rights. Holding one morally accountable for some past action i. e. deserving of praise or blame. Holding one accountable for the care, welfare, or treatment of others because of one"s role. The capacity to make moral decisions on one"s own. No, it is the individuals inside the corp. who act morally or immorally. Yes, a corporation makes moral decisions via its corporate internal decisions structure (cid)