Explain in your own words the Iron Law of Responsibility and the social contract.

Textbook Title: Business & Society: Ethics, Sustainability & Stakeholder Management
Author: Archie B. Carroll, Jill Brown, Ann K. Buchholtz
eBook ISBN-13: 9780357718711
Question 1:
(Minimum of 400 words, with at least two citations)
Chapter 1 – Part 1:
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. 
Chapter 2 – Part 1:
In your view, what is the single strongest argument against the idea of corporate social responsibility? What is the single strongest argument for corporate social responsibility? Briefly explain.
Chapter 2 – Part 2:
Go online and visit the website of the shoe manufacturer Toms (toms.com). Click the “Impact” link. What do you think drives a business like this to donate its profits?