This paper examines the type of corporation which meets James’s best

The purpose of this paper is to examine an ethical dilemma faced by a company who manufactures critical components for a pacemaker developer. The consequentialist ethical theory of utilitarianism will be used to evaluate the moral implications this company has in continuing further manufacturing for their pacemaker client. An overview of utilitarian ethics will be discussed, focused primarily around 17th century philosopher Jeremy Bentham’s ideas about ethics. His framework will be used to present factors that influence the transistor company’s business decision. Finally, the Utility Test and Common Good Test will be applied to the company’s predicament to help determine the correct ethical course of action for this

The Responsible Company is written by Yvon Chouinard who is founder and co-owner of Patagonia and Vincent Stanley who was a sometimes Patagonia employee. In their book, they raise the point that no companies could be found in this world, but they are doing the best job to protect their stockholders. This book is really helpful for those people who wants to become more successful in their business career life. It shows us what the company has studied and what strategies has used although the book is not really about the story of the Patagonia company.

Findlay, C., & Warren, T. (Eds.). (2013). Impediments to Trade in Services: Measurements and Policy Implications. Routledge.

Profit maximisation is when firms maximise their profits through sales and increasing the price of products. Profit maximisation occurs when total sale revenue is furthest above total cost which is when MR= MC. Firms are usually controlled by the managers, in order for managers to keep its position its must gain enough or maximise the firms’ profits, so it can satisfy the shareholders. However managers may want to take a different approach rather than maximising the firms’ profits. Managers may want to maximise managerial objectives such as maximising its sales rather than profits. However although they are taking a different approach, they still must gain enough profits to satisfy the firms’ shareholders in order to avoid losing their

case that had happened to wander it’s way to the supreme court. Undisputable as the

What was the ruling of the court at the trial level and briefly explain the trial judge’s decision?

The Court ruled in favor of the appellant, and the decision is described as follows:

This essay will explain the concepts of separate personality and limited liability and their significance in company law. The principle of separate personality is defined in the Companies Act 2006(CA) ; “subscribers to the memorandum, together with such other persons as may from time to time become members of the company are a body corporate by the name contained in memorandum.” This essentially means that a company is a separate legal personality to its members and therefore can itself be sued and enter into contracts. This theory was birthed into company law through the case of Salomon v Salomon and Co LTD 1872. This case involved a company entering liquidation and the unsecured creditors not being able to claim assets to compensate them. The issue in this case was whether Mr Salomon owed the money or the company did. In the end, the House of Lords held that the company was not an agent of Mr Salomon and so the debts were that of the company thus creating the “corporate Veil” .

favor. The case had yet again been appealed, and this time the Supreme Court is

On the side of the defendant was Henry Drummond- the mention of his name much

We learned in class that courts try to be consistent and that is what happened is this specific case. Lemon v. Kurtzman created the test that kept rearing its ugly

In the book, The Corporation Joel Bakan presents arguments, that corporations are nothing but institutional pathological psychopaths that are “a dangerous possessor of the great power it wields over people and societies.” Their main responsibility is maximizing profit for their stockholders and ignoring the means to achieve this goal, portrays them as “psychopathic.” Bakan argues that, corporations are psychopaths, corporate social responsibility is illegal, and that corporations are able to manipulate anyone, even the government.

o Weakness: there is a societal imbalance in the distribution of resources, and it is virtually impossible for courts/legislatures to make important decisions that do not make someone worse off

The Honest Company, based out of Playa Vista, CA and co-founded in 2011 by actress Jessica Alba and entrepreneur Christopher Gavigan, strives to be honest in its labeling of natural health, beauty, home, and wellness products. Since its inception, the company claims that its products contain no harsh chemicals, and are eco-friendly. Alba founded the Honest Company as a new mom who was concerned that regulations allowed manufacturers to include harmful toxins in products; the goal of Honest was to provide products that were “not only effective, but unquestionably safe, eco-friendly, beautiful, convenient, and affordable.” Today, the company is known for its “savvy style, sustainability, and extraordinary service & convenience all wrapped in

Large corporations such as Wal-Mart or Home Depot often come under criticism for putting mom-and-pop shops out of business. While this may be a valid criticism, the consumers neglect to realize that they play the biggest part in shutting these businesses down. Consumers across the country are always looking for the best deals or the lowest prices, and in most cases the larger corporations are where products can be found at the lowest price. Many small business owners and the populations of small towns dislike large corporations moving into the area because they believe it negatively effects the local