About the modern business corporation

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Which is an accurate statement about the modern business corporation.

A. The corporation, once approved by the state and given a corporate charter, is a legal actor and artificial “person” endowed with legal and certain constitutional rights.

B. According to the traditional, conservative, Milton Friedman, organizational view of the corporation, it is only a legal actor and has no moral or social responsibility and just must obey the law and pay taxes.

C. A true corporate code of ethics today must have some provisions that go “above and beyond” the law; that is, an ethics code cannot be a mere “restatement” of the law.

D. All of the above.

Reference no: EM13518586

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