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Essay

Corporate Responsibility a Myth?

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Social responsibility of the corporate sector is eyewash. As Friedman argued that directors are expected to “fulfill their fiduciary duty to act in the shareholders’ interest” so any attempt “for corporate social responsibility is in direct opposition, in such cases, to the movement for bet...

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  • November 3, 2018
  • November 3, 2018
  • 7
  • 2016/2017
  • Essay
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Some examples from this set of practice questions

1.

How is he to know how to spend it? He is told that he must contribute to fighting inflation. How is he to know what action of his will contribute to that end? Will his holding down the price of his product reduce inflationary pressure?

Answer: The political system must be competent to attain these social goals by way of restructuring tax frameworks “then political machinery must be set up to make the assessment of taxes and to determine through a political process the objectives to be served”

2.

“how one can avoid the use of the political mechanism altogether”

Answer: The inevitability of political mechanism as the last resort to eliminating social inequalities

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