Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of these statements is true with regards to public benefit corporations? Most states have enacted legislation that permits public benefit corporations. O To date,

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Which of these statements is true with regards to public benefit corporations? Most states have enacted legislation that permits public benefit corporations. O To date, only one state has enacted legislation allowing for public benefit corporations. Public benefits corporations are only chartered by the Federal government. Most states have not enacted legislation that permits public benefit corporations.Donald, a United States Senator, bases his votes on any bill that could become law. He determines how to vote a bill by applying the following standard. Donald asks himself if all persons in the United States did not know their station in life (in other words, they do not know if they were, rich, poor, born with wealth, born in poverty, having great health or bearing a terrible illness) and behind this veil of ignorance, would they consider this a fair law? Donald's moral theory is best described as: O A, B, and C are all correct answers Q B. Rawls' social justice theory 0 A. Ethical fundamentalism O B and C are correct answers Q C. An ethical theory associated with a "veil of ignorance\" What are raised as criticisms to "Stakeholder theory\"? 0 B. Problems deciding which course of action follows from the imperative to balance stakeholder interests 0 A and B are correct answers Q A, B, and C are all correct answers Q C. The Stakeholder theory offers little practical advice to managers of corporations 0 A. Problems with identifying stakeholders and their interests Delta Airlines, a public corporation, adopts a code of ethics for its senior financial officers. By law, Delta discloses this ethical code it has adopted. The law that requires Delta to disclose the ethical code is: O The Dodd-Frank Act O The Sarbanes-Oxley Act O The Stepp Act of 2019 O The Ethics in Decision Making Act

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

Students also viewed these Law questions