Term
|
Definition
| 1) Society is mobilized when numerous people are dissatisfied. 2) People are dissatisfied when expectations are not met. 3) Factors that may affect public expectations are changing values, new information, dramatic events, charismatic leadership. |
|
|
Term
| Shareholder Model of Corporate Social Responsibility 1 |
|
Definition
| A corporation should take care of the interests of various stakeholders, including their social concerns, not because of some inherent duty to take care of them, but because taking care of them helps attain the shareholders interest in maximizing long term value along with other possible social goals shareholders wish to achieve. |
|
|
Term
| Shareholder Model of Corporate Social Responsibility 2 |
|
Definition
| Managers work for shareholders, so sole duty is to satisfy their interests. |
|
|
Term
| Shareholder Model of Corporate Social Responsibility 3 |
|
Definition
| Responsible actions can maximize long term profits because: 1) chances are reduced of losing lawsuits. 2) They reduce motivation for groups to fight for expensive new laws and regulations. 3)Reduce chance for negative publicity and boycotts. 4) They may attract positive publicity and customers. 5) May encourage customers to pay price premiums. 6) Preserve legitimacy of business operations. 7) Can make company a leader if new laws are later passed. |
|
|
Term
| Shareholder Model of Corporate Social Responsibility 4 |
|
Definition
| Shareholders may prefer the company to satisfy the interests of other stakeholders, even when doing so may reduce long-term profit. Shareholders may care about more than just money. Shareholders want their company to act ethically. |
|
|
Term
| Corporate Citizen Model 1 |
|
Definition
| Legal system and regulations may not suitably protect social interests due to economic and political power of the corporation. Corporation has duty to act ethically toward stakeholders. Corporation has responsibility to make positive contributions to community and society. |
|
|
Term
|
Definition
| Decisions should provide greatest net benefit to society. IE child safety device on a lighter. |
|
|
Term
|
Definition
| Decisions cant interfere with basic fundamental rights without extraordinary reasoning. Protects fundamental values from "will of the majority." IE privacy, equal treatment, preserving natural resources for future generations. |
|
|
Term
|
Definition
| Individuals should be treated fairly in terms of procedures, access to opportunities, distribution of benefits, and proper compensation when harms are inflicted, IE spyware. |
|
|
Term
| Responsibility and the Law |
|
Definition
| A company that breaks the law is definitely not upholding its corporate responsibility. A company that complies with the law is not necessarily upholding corporate responsibility. The law is the minimum baseline of responsible conduct. |
|
|
Term
|
Definition
| Federal and State government can regulate business and economic matters. Federal and state gov. cant regulate personal matters |
|
|
Term
|
Definition
| Federal cant and State government can regulate business and economic matters. Federal cant and state gov. can regulate personal matters |
|
|
Term
| Supreme Court method of selection |
|
Definition
| President nominates, senate approves. Filibusters take 60 votes to end. Life term. |
|
|
Term
|
Definition
| Selects opinion writer if in majority. Otherwise, most senior justice within majority chooses. |
|
|
Term
|
Definition
| Justice agrees with the result and the reasoning. |
|
|
Term
|
Definition
| I agree with the result but not necessarily agree with the reasoning or have some other point to make. |
|
|
Term
|
Definition
| I disagree with the result |
|
|
Term
|
Definition
| 1) In restraint of trade. 2) May be substantially to lessen competition. 3) "Monopolize" |
|
|
Term
|
Definition
| Manufacture, and living organisms |
|
|
Term
|
Definition
| Fraud in connection with purchase or sale of a security |
|
|
Term
|
Definition
| Due Process Clause: No government will deprive and person of life liberty or property without due process. |
|
|
Term
| Substantive Economic due process |
|
Definition
| "Liberty includes liberty of contract." Gov cant interfere with liberty of contract without compelling reason. |
|
|
Term
|
Definition
| 1) Justice changes mind. 2) New justices. 3) Change statutory language. 4) Amend Constitution. |
|
|
Term
|
Definition
| 1) Maximizes economic welfare. 2) Preserves individual liberties. |
|
|
Term
|
Definition
| 1) Markets are subject to failure. 2) Other social goals are important besides liberty. |
|
|
Term
| Aspects of an ideal market |
|
Definition
| 1) Assumes perfect information, which may not be produced. 2) Absence of externalities. 3) Equal bargaining power (many buyers and seller). 4) No entry barriers. |
|
|
Term
|
Definition
| 1) Businesses want to be regulated to reduce competition (regulation deters entry). 2) Politicians give regulation when it helps chances come election time (concentrated benefits and diffused costs) |
|
|
Term
|
Definition
| 1) Politicians propose regulation to increase chances in elections. 2) Regulation sounds like it will lessen a perceived problem. 3) Doesn't matter if the proposed regulation will solve the actual problem. |
|
|
Term
|
Definition
| 1) Want to correct market imperfections. 2) Varying notions of the "public interest". 3) Not infallible. 4) Want to preserve power. |
|
|
Term
|
Definition
1) Public Interest- To correct market imperfections, and to satisfy other objectives.
2) Political interests: Self-interest theory (lessen competition), and Rational Ignorance. |
|
|
Term
| Strengthening drug laws sounded like a good idea, but... |
|
Definition
| 1) Longer time to get essential drugs leads to unnecessary death and suffering. 2) FDA could just give info about the companies' effectiveness-let patient decide. 3) Violates doctor-patient relationship. 4) Inhibits placebo effect. |
|
|
Term
|
Definition
| Usually very broad, but can be limited and specific. |
|
|
Term
|
Definition
| Rulemaking, administration, investigation and prosecution, adjudication, advising. |
|
|
Term
| Consumer Product Safety Commission (CPSC) |
|
Definition
| Protect the public from unreasonable risks of injury from consumer products. No authority over guns, ammo, food, autos, tobacco, drugs. |
|
|
Term
| It is socially responsible for TW to distribute cop-killer because... 1 |
|
Definition
| 1) The record will be profitable. 2) Controversy can spur sales. 3) Censorship may cause other rap artists to leave label. 4) Rap music needs major distribution outlets. 5) Racist if not distributed. 6) Special interest groups may take action. 7) Just meeting demand. 8) No proof violent music causes violence. 9)Parental responsibility. 10) Freedom of speech. 11) Someone will sell it, might as well be TW |
|
|
Term
| It is socially responsible for TW to distribute cop-killer because... 2 |
|
Definition
| Bottom line- TW will increase long-term value by distributing album. Majority of shareholders aren't ethically opposed. TW is not a bad corporate citizen for releasing the album. 1) Utilitarianism- enjoyment for those who want to hear the song outweighs any potential consequences. 2) Rights- musical artists are entitled to broad distribution. |
|
|
Term
| It is not socially responsible for TW to distribute cop killer because... 1 |
|
Definition
| 1) Violence in songs leads to real violence, especially in youths, dehumanizes police officers. 2) Potential boycotts. 3) Adverse public reaction. 4) Potential lawsuits. 5) Discourage other artists from joining TW. |
|
|
Term
| It is not socially responsible for TW to distribute cop killer because... 2 |
|
Definition
| Bottomline- 1) TW will lose long term value by distributing album. 2) Majority of shareholders oppose distribution of violent records even if they make more money in the long-run. It is morally wrong to distribute songs that stress violence against police officers; Utilitarianism- Harms from song outweigh benefit to society. Rights- song interferes with the fundamental right of citizens to avoid violence. |
|
|
Term
|
Definition
|
|
Term
|
Definition
| Protection from search and seizure |
|
|
Term
|
Definition
| Protection against self incrimination |
|
|
Term
|
Definition
| Time in a pregnancy when gov can outlaw abortions. week 24-28 |
|
|
Term
| Planned parenthood v Casey 1992 |
|
Definition
| 1) Informed consent and 24 waiting period ok. 2) Parental consent by 1 parent ok. 3) Mandatory informing of the husband, not ok. |
|
|
Term
| Pottawatomie County v. Earls |
|
Definition
| Random drug testing approved for those involved in club activities. |
|
|
Term
|
Definition
| Notice how interests of the school district are balanced with athletes’ privacy interests. |
|
|
Term
| A new science at first blush |
|
Definition
| New testing regulations are leading to a race to find alternative testing solutions. The eye is the hardest body part to mimic when testing. |
|
|
Term
| Why Kraft Decided to Ban Some Food Ads to Children |
|
Definition
| Faced with questions about childhood obesity, Kraft decided to stop advertising to children 12 and under despite risking losing a big portion of the market share. |
|
|
Term
|
Definition
| People are more likely to pay less for unethically made goods than pay more for very ethically made goods. Only a slight investment in this behavior is needed to boost sales. Companies should segment their market and make a particular effort to reach out to buyers with high ethical standards, because those are the customers who can deliver the biggest potential profits on ethically produced goods. |
|
|
