Explain in your own words the iron law of responsibility and the social contract. Give an example

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Explain in your own words the iron law of responsibility and the social contract. Give an example of a shared understanding between you as a consumer or an employee and a firm with which you do business or for which you work. Was Congress justified in passing the Sarbanes-Oxley Act in 2002 due to the business scandals of the early 2000s?

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