Answer the following questions. Be sure to define any key terms in each question

Question

Answer the following questions. Be sure to define any key terms in each question or your answer and give specific examples of how these terms/concepts affect various stakeholders. Feel free to use the examples and case studies from class. 1. Methods, effects, and value of business accumulating vast amounts of personal data about their customers and potential customers 2. Should there be legal limits on the amount of money an individual, a corporation, or a labor union can contribute to the political campaigns of candidates for public office? Present arguments for your position, recognizing the strongest arguments of those who disagree. 3. Consider the following statement: “A CEO who rejects political involvement by the corporation he leads might well be accused of violating his fiduciary duties to shareholders, and his ethical duties to other corporate stakeholders, by foregoing vital opportunities legally and ethically available.” Provide arguments and concrete examples in support of this statement. 4. What are the five core rights of consumers? Explain and give examples 5. How can companies can target their corporate contributions strategically; use detailed example. 7. What is an Ecologically Sustainable Organization and how might businesses benefit from being ecologically conscious?

Explanation / Answer

1. Customer's personal data is gold for any company. Your existing companies are the perfect gold mines. Enormous businesses could be tapped from them. New business leads also could be got from them. You must handle this data with value and should be kept in perfect security. Dedicated people are now working as service providers to handle the customers data so very carefully. They are called as the data security team, and you can concentrate on the other important activity of the business.

2. Yes there should be a legal limit on the funds that an individual contributes to the political campaigns of the public. All the accounts must be submitted to the election commission. Else illegal money will be spent in the election campaigns and there is possibility of money laundering happening.

3. It is not always mandatory for a CEO to approve the political involvement of his corporation. The CEO could make decisions what is best for business. If there is any political involvement in the organization, the organization might have to alter their rules and principles to cater to some of the needs of the political parties. This is asking for trouble. It is always better for a corporation to play it safe and make profits.

4. The consumer has various rights in India. Some of them are:

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