Abila, Maria Paula

BSOA 1-1

1. What is a corporation?

Corporation, 150 years ago was considered to be a relevantly insignificant institution that
exist in the a country. However, after years, the corporation become a dominant institution.
Corporation appears to be a jigsaw part in the society, without it, the whole picture will be
incomplete. Some common purpose of the corporation is working together, since everyone in
tside the institution is necessary to do their task to efficienty become progressive. Corporation
makes our life balance, in terms of our needs such as occupation and basic needs. Others
discusses that corporations' main agenda was trying to take over the world. It was an artificial
creation trying to devour profits. But corporation is so much more than those descriptions, it is
an association that have purpose. Corporation is an entry gift from people to serve public
goods. It is like a machine which accomplish objects.

2. What are the rights of a legal person?

Corporation is a legal person. A legal person is a legal entity, can be a human being, a firm,
government, institutions or agency that was subjected to have obligations, privileges, and
responsibilities. They can be included in a contract and get sued or sue someone. They can also
own a property. A legal entity can be treated as a person in a limited legal purposes only.

3. How is a legal person different from natural person?

A natural person is a person that is an individual human being, a distinct entity. Opposing to
legal person. Fundamental human rights are granted to a natural person. A natural persom can
hold a public office unlike a legal person such as corporation who can only file lawsuits or own a
property.

4. How much discretion does a CEO have to impose his/her values on a corporation? On what
might this depend.

As a CEO, he have to impose his values on a corporation legally and in an proffesional way
with ethical manners. Commonly, a CEO depends on how much the profit they can earn if they
do such ethical responsibilities. Some corporation provided CSR or Corporate Social
Responsibility programs just to advertise and as their contribution to the society so they can
impose that their existence can be considerably necessary.
5. Do you think it is only a few CEO's that are 'bad apples' or are unethical CEO's the norm?

Most of the CEO's shares the same manner such as being the bad apple in the business
community. Due to aiming in gaining so much profit to over power the business world they
become greedy and prioritize their profits rather than CSR and environmental health.

6. Discuss the trade-off between wealth creation and social harm? Which is more important?

Wealth creation tackles about the building of assets by careful investment into asset based
invesment over long period of time while social harm is the devastation, destruction amd
endangering of an individual or group with social value. In terms of the business field, the
corporation are experiencing the wealth creation due to earning large mount of profit and at
the same time conducting social harm due to umethical disposal of scraps.

7. Are corporations unfairly labelled?

They was once unfairly labelled due to their dominance in the business world. They are
some corporations and CEO's who was considered to be bad apple which put negative view
from communities.

8. What caused the change in the powers/ characteristics of the corporation?

The corporate world hires the best people with creative minds to ensure our faith in the
corporate view. They also bond with group of institutions that can give benefits to them. They
give us illusions that divert our minds. Corporations also found people that create their products
for as little as pennies an hour.

9.How does the 14th amendment to the US constitution relate to the rights of the corporation?

The 14th Amendment conveys that “Transcending the boundaries of nations, in order to
protect us from the people, insure our right to extract and exploit, provide the defense of profit
with impunity and secure the blessings of wealth and privilege for those who have it already. Do
ordain and appreciate this Constitution of the United States of America. Their main goal was to
secure the rights of the slaves. To connect with corporations, this entity bought rights to
individuals that depends on the saud constitution of the US.

10. Is there such a thing as "too much" profit?

 Yes, some of the corporations earned way too much profit than expecting or morethan
necessary. It usually appears to a corporation who dominated the country and gives over priced
products in the market, or when they paid their workers unfairly.

11. What are externalities? How to they relate to the corporation?

In the business world, externalities is a consequence of an economic activity that is

experienced by unrelated third parties. It can be either positive or negative. A corporation may
decide to cut c