1. Construct a list of the arguments for and against social responsibility for business. 2. In a...

Question:

1. Construct a list of the arguments for and against social responsibility for business.
2. In a recent commentary, ethicist Chris MacDonald explained the idea that businesses must earn and maintain an unwritten “social license” to operate. That is, businesses must secure the support and of the community. MacDonald then asked what steps a business can take to maintain its “social license” to operate. Answer MacDonald’s question. Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...