News Corporation

“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…

1. In the documentary film, The Corporation, the six symptoms of psychopathy taken from the World Health Organization’s Manual of Mental Disorders, were applied to the corporate world today. One by one, the documentary listed all six symptoms and began to check off each symptom that the corporation world is presenting. All six symptoms were checked, proving that the corporate “person” today could rightly be diagnosed with the mental disorder of Psychopathy. The six symptoms that the corporate…

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 the basis of the gas station exceeds the liabilities transferred. Tax Issue What is the basis for the land transferred to XYZ Corporation by Mr. Smith? Conclusion. The basis for Mr. Smith is the cost of the land as separated from the…

a firm. Social responsibility should be a natural obligation for the management team of a firm to be integrated both in their business plan as well as their operations. “Corporate Social Responsibility” can impact profits to the benefit of the corporation and has a positive influence on the society in which they operate. Providing both employment opportunities for the labor force and operating in a responsible manner following the environmental regulations of the country are ways to operate…

INTRODUCTION Section 183 of corporation act states that a person must be director, officer or an employee of the company and have excess to relevant information must use that information with proper way which will be not for the advantage or gain of him or for someone else. This section imposes some duties like a person who have information must not use it with improper way. The use of information will be just for the corporation person and will not for the self-gain or for self-advantage. If a…

its diverse interpretation adopted over the years and the current scenario of corporate crimes in India. It discusses the need to intensify the current punishment given to corporations and proposes alternative sanctions which would further discourage corporations from indulging in corporate crimes. Introduction: Today, corporations play an indispensable role in the society and their actions have a direct or indirect effect on individuals all over the world.…

Limited Liability Companies (LLCs) Advantages of LLCs A limited liability company (LLC) is seen as “combining the most advantageous features of partnerships and corporations” (Kubasek, Browne, Herron, Dhooge, Barkacs, 2015b, p. 266). Perhaps the most significant aspect is the variety of choices the LLC has upon its inception which are included in the operating agreement. “[T]he enormous flexibility and contractual nature of the LLC may provide advantages such as clearly negotiated and defined…

results from their actions upon a community, a corporation, even stock holders nationwide. Some steal pennies, while others out right take everything. Corporate fraud, a white collar crime has been legally dissected and evaluated for years. The use of corporate guidelines and government regulations has always been embedded into corporate legalities and business plans. The more modern concern is the safeguards and protocols set in place for corporations have many “Catch 22’s” that in one way…

Jones has the opportunity to change the election of his current sole proprietorship to an S-corporation. However, he also has the options of liquidating the business as it currently stands or make the election and then liquidate the business as an S-corporation. The business assets contributed to the used car dealership belong to the sole proprietor, Mr. Jones. Liquidating the used car dealership requires Mr. Jones to repay…

as well. As society continues to become more involved in social rights and the advancement of all people, corporations have become increasingly more responsible to take action against poverty in order to maintain the public 's support. Efforts have been made by numerous corporations to provide more resources to those that are in poverty, especially in the communities in which the corporation conducts its business. The change to the increasing mindset to help decrease poverty, in the private…