Corporations
Views of Corporate Responsibility
Advertising
Consumers and the Law
From Both Chapters
100
Were towns, universities, and ecclesiastic orders.
What is the first corporations?
100
Corporations have moral obligations to consumers, to employees, to suppliers and contractors, to the surrounding community, and to society at large.
What is broader view of corporate social responsibility?
100
"Let the buyer beware"
What is "caveat emptor"?
100
This case changed product liability law where the courts permitted consumers to sue manufacturers with whom they had no contractual relationship.
What is MacPherson v. Buick Motor Car (1916)
100
these structures amount to established procedures for accomplishing specific goals.
What are Corporate Internal Decision structures?
200
Momentum for the corporate organization of business really gained momentum after this...
What is the Civil War?
200
Let Government Do It
What is one of the three arguments in favor of narrow corporate social responsibility?
200
producers use advertising to shape consumer wants
What is the "dependence effect"?
200
In 1972 Congress created one of the most important agencies for regulating product safety.
What is Consumer Product Safety Commission?
200
This group basically rubber stamps the policies and recommendations of management in the corporate world.
What is the Board of Directors?
300
Unintended side effects of corporate organization
What are externalities?
300
Let Government Do It argument supports this
What is the narrow view of corporate social responsibility?
300
a deceptive or misleading advertising technique
What is Puffery?
300
a manufacturer need not be negligent to be held liable for a defective product.
What is the doctrine of strict liability?
300
with more power comes more corporate social responsibility...who believes this?
What is the broader view of corporate social responsibility?
400
Most Americans believe a corporation's top obligation is to its
What is Employee?
400
Believed that business has no social responsibilities other than to maximize profits
Who is Milton Friedman?
400
supposedly communicates at a level beneath our conscious awareness
What is subliminal advertising?
400
Two kinds of warranties that people generally speak of...
What is express and implied?
400
may justifiably restrict the freedom of the individual for his or her own good.
What is legal paternalism?
500
means that members of a corporation are financially liable for corporate debts only up to the extent of their investment
What is Limited Liability?
500
This should set reasonable goals and subgoals, with an eye on blunting unethical pressures on subordinates.
What is a corporate moral code?
500
Was established in the early 1900's to protect consumers against deceptive advertising
What is The Federal Trade Commission?
500
NY hotels tripling their room prices in the aftermath of the September 11, 2001 attacks is an example of ...
What is price gouging?
500
despite criticisms, advertising enjoys protection under the First Amendment as a form of speech
Who are the defenders of advertising?
M
e
n
u