Corporations

“The Corporation” documentary by Mark Achbar, Jennifer Abbott & Joel Bakan shows that businesses are dishonest to the people to continue earning more revenue while the people are getting sick. The film also shows how corporations cause health problems and environmental issues by using unethical methods to obtain additional profit. This documentary examines the history of the corporation and the role they play in society. The main point throughout the documentary is that competition is important. Monsanto is a corporation that produces artificial designs as well as synthetic hormones that are found in food and drinks. So, the company makes harmful chemicals to put in foods and drinks because of the profit that they could make. Walmart has factories…

Imagine a world where young children are tortured abused and treated like slaves to save their families, a world where people are forced to leave their houses and their history behind, imagine all your hard work being stolen from right under your feet. Just because this cannot be seen does not mean it is not happening. Transnational corporations are large multinational companies that operate in two or more counties who operate in so many different countries they essentially lose their identity…

While corporations supply most needs of Americans, most people in this country still hold the out-of-date image of corporations as self-exploitation of the small proprietor. This is out of date, for things are beginning to change, as the corporate economy in America is effectively dominated by large corporations, since technically there is no monopoly. As a result, this fact about corporations is going to have some complicated but also far-reaching impact on America’s economy. This is owning to…

In response to learning activity 1 question 1, I agree that Beta Corporation is the principal. It is clearly stated in the text that “under corporation law the officers and all employees are agents of the corporation” (Advanced Business law and the Legal Environment, 2014, pg. 1325). However, I do not agree with your evaluation of the employees as principals. Arnold, Carol, Dave, and Erin are all agents of Beta Corporation. However, I may be inclined to argue that Carol, Dave, and Erin are all…

A corporation has become a significant part of our society in the past 150 years. Corporations in the 19th century were given the rights of a person, which is quite an obscure decision that has led to many problems with these businesses. A major problem with corporations is their drive for profit because there is never enough profit for a company. The corporations is legally bound to put the company shareholders good above even society’s good as a whole. This leads to a huge set of problems with…

When someone says the word business, what do you think about? Do you think about money, a big corporation or maybe the little bakery down the street? According to the Normative Foundations of Business case, “business is any organization in which private parties (sometimes referred to as “owners”) provide risk capital and have a claim on the net economic value that is created. Businesses are designed with the intention of being self-funding, acquiring resources through market exchange and…

Issue 1: • Does Beta Corporation continue to qualify for the S corporation election even though Juan no longer owns 100% of Beta corporation’s stock (as of June 30th of Year 2)? Conclusion 1: • Yes, Beta Corporation still qualifies for the S corporation election because it continues to fulfill the requirements for an eligible small business corporation, regardless of the change in stock distribution. Analysis 1: As defined in Sec.1361(a)(1), an S corporation is an “eligible small business…

Relevant Facts Mr. Smith bought a gas station which had no known groundwater or soil contamination issues at the time of purchase. Sometime after operated the gas station an issue of groundwater and soil contamination was determined to potentially exist. In response to the potential groundwater and soil contamination issues Mr. Smith elected to form a new corporation (XYZ) and performed a 351 transfer of the gas station and accompanying liabilities to the new corporation. It is assumed that…

acquired.” If the Folke Corporation meets these two elements, then they can be held liable for Mr. Regan’s injuries. These two elements are: (1) “the virtual destruction of the plaintiff’s remedies against the original manufacturer is caused by the successor’s acquisition of the business”; (2) “the successor has the ability to assume the original manufacturer’s risk-spreading role.” The Folke Corporation meets one of the elements of liability through this exception because…

Telstra Corporation Ltd, an Australia-based telecommunication and technology company, offers various range of communication services and is competing in all telecommunication markets mainly in Australia (Telstra.com.au, 2017). It has a long history operating in Australia since 1980s as a government department, and was originally called Australian Telecommunications Commission, trading as Telecom. In 1990s, Telecom merged with the Overseas Telecommunications Corporation and changed its name to…