...law is: “a body of rules of action or conduct prescribed by controlling authority, and having legal binding force” (Melvin, 2011, ch 1). “While there are many sources of American law, the common characteristic of the current state of law is that it creates duties, obligations, and rights that reflect accepted views of a given society” (Melvin, 2011, ch 1). The functions and role of law in business and society are much in the same; to provide guidance and structure. The laws which guide society and business come from a combination of constitutional law, statutory law, common law and administrative law. (Melvin, 2011, ch 1) Constitutional law is the basis for all other laws and is the “supreme law of the land” in the United States. (Melvin, 2011, ch 1) The Constitution works together with other sources of law in three areas: (1) Establishing a structure for federal and state governments (including qualifications of certain offices and positions) and rules for amending the constitution; (2) granting specific powers for the different branches of government; and (3) providing procedural protections for U.S. citizens from wrongful government actions (Melvin, 2011, ch 1). Not only is there a U.S. Constitution, at the federal level, but each state has their own constitution that “is the highest source of law within the state’s borders” (Melvin, 2011, ch 1). Constitutional issues that impact businesses include Congress’s powers to regulate interstate commerce; creation of legal protections...
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...2/24/2010 Ethics Defined 2 BUSINESS ETHICS Dr. Truong Thi Nam Thang CFVG/Faculty of Business Management-NEU “The study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession†(The American Heritage Dictionary) Ordinary versus Ethical Decisions 4 Business Ethics Defined Comprises principles and standards that guide behavior in the world of business Right or wrong, acceptable or unacceptable g g, p p behavior within the organization Determined by you and key stakeholders The point where the accepted rules no longer serve, and the decision maker is faced with the responsibility for weighing values and reaching judgment in situation which is not quite the same as any or she has faced before 1 2/24/2010 The Development of Business Ethics 5 6 The Development of Business Ethics The 1960s: The Rise of Social Issues in Business Consumer’s Bill of Rights Ralph Nader Wholesome M t 1967 Wh l Meat Radiation Control 1968 Clean Water 1972 Toxic Substances 1976 Before 1960: Ethics in Business U.S. politics: A living wage The New Deal The Fair Deal Philosophy’s domain The Development of Business Ethics 7 8 The Development of Business Ethics The 1980s: Consolidation Organized field of study Business ethics centers Business ethics courses Defense industry initiative Multinationals Self-regulation (Reagan/Bush) The 1970s: Business...
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...Ch. 1 We Have a global economy. Econimics-the study of scarce ersources(limited). Nobody can have everything they want. We make up the economy, always wanting more. Factors of Producion-Land, Labor, Capital, Entrepreneurship. Land-all the natural resources. Labor-skills and abilities (workers too). Capital-What we use making it the final product. Entrepreneurship-A risk taker. He brings the other three factors together in innovative ways. Opportunity Cost-The best alternative, foregoing something, choosing between 2 options, the thing I give up is the opportunity cost (Guns & Butter is about opportunity cost). The graph for the opportunity cost show this: the curve line of the graph is the production possibility curve, the points on the curve tells you that every resources is being used efficiently (factors of production). Point C (outside the curve line) economic growth, w/more resources to use, we get there w/technology. Point A (inside the curve line)is ressession, unemployment, undesirable. Adam Smith, market mechanism(is what it’s called today) invisible hand (goes w/market mechanism) what gets produce, it moves the factors of production/us. This is the fundamental of capitalistic system, and the essential feature of market mechanism is price signal. Example: Block Buster goes out of business, start downloading through netflix. Laissez faire-leave it alone (hands off, capitalistic society). How do we compete? Produce least cost method and produce. Who? For those who...
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...MGT3110 Business and Society MODULE HANDBOOK 2013-2014 Module Leader (London): Dr. Andrea Werner Module Tutor (Dubai): Mr. Kieran Ross Middlesex University Dubai Business School Table of Contents 1. INTRODUCTION AND MODULE SUMMARY.............................................................3 Module aims .................................................................................................................3 Contacts .......................................................................................................................3 Module Website on MyUniHub .....................................................................................3 Learning Outcomes ......................................................................................................4 Assessment Scheme ...................................................................................................4 Employability Skills.......................................................................................................4 Code of Conduct ..........................................................................................................5 2. LEARNING MATERIALS ............................................................................................6 3. TIMETABLE AND TEACHING PROGRAMME ...........................................................8 Lecture and Seminar Schedule.................................................................................... 8 Lectures...
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...contemporary business law, students were required to write an essay which defined the functions and roles of law in business and in society. Each student was to discuss the functions and role of law in their individual past or present job or industry while properly citing at least two references from the required reading material. Though out the course of this assignment I will attempt to do just that. There are many functions and roles of law in business and in society. “Laws regulate social behavior, which leads to a society that runs efficiently. Laws also supply ethical standards and expectations, while providing rules of conduct, measures to enforce those rules, and a means for settling disputes. Other functions of law include: peacekeeping; checking government power and promoting personal freedom; facilitating planning and the realization of reasonable expectations; promoting economic growth through free competition; promoting social justice; and protecting the environment (Mallor, Barnes, Bowers, and Langvardt).” According to Sean P. Melvin The Legal Environment of Business, Ch. 2 (2011), “The United States uses a federal system in which a national government coexists with the government of each state. An important concept underlying the federal system is that the federal government has only limited powers to regulate individuals and businesses (Sean P. Melvin, 2011).” The United States Constitution is “thought of as having three general functions: (1) establishing...
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...Econ 100 Ch 1 & 2 Quiz marks = 35 STUDENT #________________________ Do not write name – ONLY Student # Multiple Choice Questions 1. Tammie makes $150 a day as a bank clerk. She takes off two days of work without pay to fly to another city to attend the concert of her favourite music group. The cost of transportation for the trip is $250. The cost of the concert ticket is $50. The opportunity cost of Tammie's trip to the concert is: A) $300. B) $450. C) $500. D) $600. 2. When a provincial government chooses to build more roads, the required resources are no longer available for spending on public education. This dilemma illustrates the concept of: A) marginal analysis. B) full employment. C) full production. D) opportunity cost. 3. When economists describe "a market," they mean: A) a place where stocks and bonds are traded. B) information networks that allow individuals to keep in touch with each other. C) a hypothetical place where the production of goods and services takes place. D) a mechanism which coordinates actions of consumers and producers to establish equilibrium prices and quantities. 4. The study of economics is primarily concerned with: A) keeping private businesses from losing money. B) demonstrating that capitalistic economies are superior to socialistic economies. C) choices which are made in seeking to use scarce resources efficiently. D) determining the most equitable distribution of society's output. 5. Economics may best...
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...Social accounting(also known as social accounting and auditing,social and environmental accounting,corporate social reporting,corporate social responsibility reporting,non-financial reportingoraccounting) is the process of communicating the social and environmental effects of organizations' economic actions to particular interest groups within society and to society at large. [ 1 ] Social accounting is commonly used in the context of business, or corporate social responsibility(CSR), although any organisation, including NGOs, charities, and government agenciesmay engage in social accounting. Social Accounting can also be used in conjunction with Community-Based Monitoring (CBM). For a Toolkit on Community-Based Monitoring methodology, see www.communitymonitoring.org(Available in English and Dari/Farsi). [ 2 ] Social accounting emphasises the notion of corporate accountability. D. Crowther defines social accounting in this sense as "an approach to reporting a firm’s activities which stresses the need for the identification of socially relevant behaviour, the determination of those to whom the company is accountable for its social performance and the development of appropriate measures and reporting techniques." [ 3 ] Social accounting is often used as an umbrella termto describe a broad field of research and practice. The use of more narrow terms to express a specific interest is thus not uncommon. Environmental accounting may e.g. specifically refer to the research or practice...
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... TRANSNATIONAL CORPORATIONS 7 The role of transnational corporations in the globalisation process Grazia Ietto-Gillies1 1. Introduction Globalisation is a complex phenomenon which is more in the nature of a process than a state of affairs. There have been several attempts at definition (McGrew, 1992; Oman, 1996; Castells, 1996; Giddens, 1999; Held et al. 1999).2 Most definitions boil down to the fact that globalisation is both a process of geographical/spatial outreach and of an increased degree of interconnectedness and interdependence between people, groups and institutions based in different countries of the world. As a process of spatial outreach it is not new and has long historical antecedents (Held et al., 1999). Nonetheless it is argued in this chapter that the current process is considerably different from any previous process of outreach. One of the major differences is seen in the role that transnational corporations (TNCs) play in the globalisation process. The chapter proceeds in section 2 with an analysis of the salient characteristics of the globalisation process. The third section considers the role of TNCs in cross-border transactions. Section 4 develops the argument that the TNCs are a dominant cause of the globalisation process. Section 5 considers the wider policy implications of this perspective and the last section concludes. 2. Salient characteristics of globalisation The current globalisation process is characterised by both qualitative and quantitative...
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...Learning Guide 2016 This information should be read in conjunction with the online learning materials which can be found on your MyUnits page. Unit coordinator Dr Amy Huang (A.Huang@murdoch.edu.au) © Published by Murdoch University, Perth, Western Australia, 2016 This publication is copyright. Except as permitted by the Copyright Act no part of it may in any form or by any electronic, mechanical, photocopying, recording or any other means be reproduced, stored in a retrieval system or be broadcast or transmitted without the prior written permission of the publisher. BUS378 Knowledge and Organisational Learning Murdo 2 ch University Contents Unit information Information about the unit 3 Contact details 5 How to study this unit 8 Resources for the unit 10 Study schedule 11 Assessment 13 Appendix 1 Essay marking guide 17 Appendix 2 Presentation marking guide 18 Murdoch University BUS378 Knowledge and Organisational Learning 3 Information about the unit Welcome to: BUS378 Knowledge and Organisational Learning Unit description The management of information and knowledge and its role in organisations are widely recognised as important elements contributing to international competitiveness in the digital (knowledge based) economy. This unit examines how the concepts of information and knowledge assist in the understanding of organisational processes, organisational learning and strategy. Topics examined include: The origins and future of knowledge...
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...also be downloaded by clicking on Tutorial Bucket. For Any Other Inquiry Feel Free to Contact us: studentsoffortunes@gmail.com For More Tutorials Visit: ( http://www.studentsoffortunes.com/ ) (Product Description) MG 420 Midterm Exam ( All Possible Questions Solutions ) (1) After having signed a contract with a binding arbitration clause in it, an employer is legally bound to accept an arbitrator’s decision on a particular issue even if they disagree with that decision (2) The “labor problem” can be defined as undesirable outcomes created out of an employment relationship which is inequitable, contentious, and exploitive (3) Conflicts between what employees want and what employers want are generally resolved privately between the individual and his/her employer (4) The last step in the grievance process for nearly all union contracts in both the public and private sector is usually: A hearing before the NLRB Mediation by the Federal Mediation and Conciliation Service A unilateral decision by management Final and binding arbitration (5) According to the Wagner Act (NLRA), if two employees walk off the job and proceed to picket their employer’s place of business to protest unsafe working conditions, the employer is not allowed to retaliate against them (e.g.,...
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...Decision support systems and Business Intelligence: an overview Contents Course introduction 1–3 Module one objectives 1–3 Use of Study Guide 1–3 Suggested study schedule 1–4 Readings 1–4 Changing business environments and computerised decision support 1–4 Managerial decision-making 1–5 Computerised support for decision making: systems and technologies 1–5 The systems 1–5 The technologies 1–5 A framework for decision support 1–6 Management science 1–6 Concept of decision support systems & business intelligence 1–7 DSS – BI connection 1–7 Course plan and themes 1–7 Conclusion 1–8 Course introduction This first module aims to provide an overview of the topic and provide the broad backdrop into which the other modules will fit. Today’s business environment is constantly changing, and it is becoming more and more complex. Private and public organizations are required to respond quickly to changing conditions; be it government regulations or informed customers or market conditions. This requires organizations to be agile and to make frequent and quick strategic, tactical, and operational decisions. Making such decisions may require considerable amounts of relevant data, information, and knowledge. Processing these, in the framework of the needed decisions, must be done quickly, frequently in real time, and usually requires some computerized support. This course is about using business intelligence as computerized support for managerial...
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...MG 420 Midterm Exam ( All Possible Questions Solutions ) http://www.projbid.com/downloads/mg-420-midterm-exam-all-possible-questions-solutions/ (1) After having signed a contract with a binding arbitration clause in it, an employer is legally bound to accept an arbitrator’s decision on a particular issue even if they disagree with that decision (2) The “labor problem” can be defined as undesirable outcomes created out of an employment relationship which is inequitable, contentious, and exploitive (3) Conflicts between what employees want and what employers want are generally resolved privately between the individual and his/her employer (4) The last step in the grievance process for nearly all union contracts in both the public and private sector is usually: A hearing before the NLRB Mediation by the Federal Mediation and Conciliation Service A unilateral decision by management Final and binding arbitration (5) According to the Wagner Act (NLRA), if two employees walk off the job and proceed to picket their employer’s place of business to protest unsafe working conditions, the employer is not allowed to retaliate against them (e.g., fire them) (6) The first national labor unions began to develop in the 1850s, due in part to: the advent of the rail industry which made it easier for union leaders to travel to various organizing points. powerful labor leaders. favorable legislation and courts that were friendly toward unions. increasing emphasis on craft...
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...DOING BUSINESS IN ASIA, EUROPE, AMERICA I. Core Book: a. Week 2: - Core text Ch.7 (pp.192-221) b. Week 4a: - Core text Ch. 3 (pp. 60-84) c. Week 5a: - Core Text Ch. 13 pages 402-405 d. Week 7ab: - Core text Ch.14 (pp.433-438) - Core text (2008) pp. 13-15 and 60-61 e. Week 9ab: - Core text Ch. 14 & 15 - Core text Ch 16 pp.482-504 f. Week 11: - Core Text, Chapter 19, Pages 592-606 II. Other Book: a. Week 3a3b: - Read Moffet, M., Stonehill, A. & Eiteman, D. (2006) Fundamentals of Multinational Finance, Chapter 11, 12 & 13. - Deutsche Banks Global Registered Shares (pp.332-333). - Tirstup Biomechanics (Denmark): Raising Dollar Debt (pp.357-359) b. Week 5b - Sanyal (2001). International Management: A Strategic Perspective (Prentice Hall), Ch.2, pp.66-77 c. Week 6ab: - Read Moffet, M., Stonehill, A. & Eiteman, D. (2006) Fundamentals of Multinational Finance, Chapter 20 & Read Stanley Works & Corporate Inversion (pages 541-545) d. Week 7a 7b: - Moffat, Stonehill & Eiteman (2006). Fundamentals of Multinational Finance, Ch.19 - Gardner & Weirich (1992). Business Investigations: How CFOs can manage risk through information, Journal of Corporate Accounting & Finance, Vol.10, Issue 1, (pp.129-139). - Madura & Fox (2007). International Financial Management, Ch. 19, pp.652, 659-661 e. Week 8a : - Chetty, S. & Campbell-Hunt, C. (2004) ‘A Strategic Approach to Internationalization: A Traditional Versus a “Born-Global” Approach’, Journal...
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...Postgraduate ProgramSubject Outline Faculty of Business and Management http://my.uowdubai.ac.ae Subject Code: MGMT949 Subject Name: Management (6cp) Year: 2013 Section: 1 Performance Session: Spring No of Credit Points:6 Pre-requisite(s): NA Co-requisite(s): NA LECTURE INFORMATION Day: Time: Monday 18.00 – 21.00 Location: Block TBA Room TBA Lecturer’s Name: Building & Office No: E-mail Address: Consultation Days and Times: Subject Coordinator: DR. PAYYAZHI JAYASHREE Block 16 Office 21-4 payyazhijayashree@uowdubai.ac.ae SUNDAY : 3 TO 6PM , TUESDAY : 3 TO 6PM DR. PAYYAZHI JAYASHREE 1 SUBJECT DESCRIPTION This subject addresses performance management, which is defined as an ongoing communication process that involves both the performance manager and employee. Key aspects of this process are examined. Topics include: identifying and describing essential job functions and relating them to the mission and goals of the organization; developing performance standards; giving and receiving feedback about performance; writing and communicating constructive performance evaluations, and planning education and development activities to maintain and improve employee work performance. 2 LEARNING OUTCOMES On successful completion of this subject students will be able to : 1. Describe the key concepts and techniques of performance management. 2. Explain the development of performance management as an area of growing importance for managers and employees. 3. Critically...
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...|[pic] |Syllabus | | |College of Natural Sciences | | |SCI/362 Version 6 | | |Environmental Issues and Ethics | Copyright © 2010, 2009, 2006, 2004, 2003, 2001 by University of Phoenix. All rights reserved. Course Description This course applies scientific, philosophical, economic, and ethical principles to current and future environmental issues. Students will analyze the cumulative impact of human activities on global ecosystems, as well as responsibilities to the natural world, in terms of the complex interrelationships humans have with their environment. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies...
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