...LWC1 - Fundamentals of Business Law and Ethics Course of Study Your competence will be assessed as you complete the LWC1 objective assessment for this course of study. This course of study may take up to 10 weeks to complete. Introduction Overview There are the two major subdomains of study within the Fundamentals of Business Law and Ethics Course of Study: business law and business ethics. The exam covers 11 business law and ethics concepts, including the following: contractual relationship government regulation of business dispute resolution labor and employment law hiring and employment practices warranties, negligence, and liabilities Sarbanes-Oxley Act ethical issues in business ethical leadership ethics programs use of company resources You likely have had some experience with the legal system, either through your own encounters or merely through listening to the nightly news, and you have probably read or heard about various ethical and legal issues causing financial upheaval in today's business world. This background will serve you well in this study. Now you can expand on that experience, and perhaps refine and enhance your own views on these issues. Once you complete this course of study, you will have demonstrated a level of competence that you can immediately use in your work setting and career. Outcomes and Evaluation There are 10 competencies covered by this course of study; they are listed in the "Competencies for Fundamentals of Business Law and Ethics...
Words: 8481 - Pages: 34
...LIT 1 TASK 2 Situation 1 In 1993 President Bill Clinton established the Family and Medical Leave Act (FMLA).Employees who qualify may take a leave of absence from their occupation. This is managed by the Wage and Hour Division of the United States Department of Labor. The following people are allowed time off based off the reasons listed below Twelve workweeks if: • The Employee has a child/baby, and/or needs to take care of newborn infant or baby within one year of birth • If an employee chooses to adopt a child or is entrusted with becoming a foster parent. The employee shall also be able to request a temporary leave to care for the child within one year time frame of placement. • Employee may also be eligible if they need to take care of child, spouse, or parent with any type of serious medical condition. • If employee is not able to perform everyday tasks at his/her occupation due to serious health/medical conditions • If the employee’s child such as the son or daughter or spouse is active in the military, they are covered as well. Or: Twenty-six work weeks of leave during a single 12-month period to care for a covered service member with a serious injury or illness if the eligible employee is the service member’s spouse, son, daughter, parent, or next of kin (military caregiver leave). ("USDOL," n.d., para. 3) This leave of absence will be unpaid, however job protection is a benefit, and the employee will be covered under identical group health insurance...
Words: 1338 - Pages: 6
...FUNDAMENTALS OF BUSINESS LAW & ETHICS INTRODUCTION TO CONTRACTS What is the definition of a contract? a promise that the law will enforce 4 Parts of a Contract Agreement: one party must make a valid offer, and the other party must accept it. Consideration: there has to be bargaining that leads to an exchange between the parties. Legality: the contract must be for a lawful purpose. Capacity: the parties must be adults of sound mind. Describe the various types of contracts. bilateral: BOTH parties make a promise. This is the most common and is used for services, sale of goods and almost anything else. A promise for a promise... unilateral: ONE party makes a promise the the other party can accept only by doing something. This is a less common contract. express: In an express contract the two parties explicitly state all important terms of their agreement. This is the majority of contracts. implied: In an implied contract, the words and conduct of the parties indicate the intended agreement. This is less common. executory: one or more parties has not fulfilled obligations executed: all parties have fulfilled their obligations valid: satisfies all of the law's requirements unenforceable agreement: the parties intend to form a valid bargain but a court declares that some rule of law prevents enforcing it voidable: the law permits one party to terminate the agreement void agreement: neither party can enforce, usually because the purpose of the deal is illegal or...
Words: 27321 - Pages: 110
...(1) What is the point at which a legal agreement is said to have occurred? Intend to contract. (2) What is the difference between an enforceable, unenforceable, express and implied contract? Unenforceable Agreement occurs when the parties intend to form a valid bar-gain but a court declares that some rule of law prevents enforcing it. Voidable Contract Occurs when the law permits one party to terminate the agreement. Void Agreement is one that neither party can enforce, usually because the purpose of the deal is illegal or because one of the parties had no legal authority to make a contract. (3) Describe a situation where a breach of contract has occurred. Most contracts are discharged by full performance or sometimes the parties discharge a contract by agreement. (4) If there is a breach of contract, what remedies are available? Compensatory Damages (Expectation Interest), Consequential Damages (Special Damages), Incidental Damages (Relatively Minor) (5) What conditions would constitute a discharge of a contract? A party is discharged when they no longer have any duties under a contract. (6) Describe the conditions for a discharge of a contractual obligation. Most contracts are discharged by full performance or sometimes the parties discharge a contract by agreement. (7) Describe types of acceptable performance of a contract. Strict and Substantial Performance. 1) Strict: requires one party to perform its duties perfectly. 2) Substantial: generally sufficient...
Words: 3875 - Pages: 16
...•Analyze the leadership styles discussed in Chapter 5 and determine which leadership style would have the most positive effect on ethical decisions. Explain your rationale. I know that leadership styles would have an powerful effect because these leaders are experts in their field of work, and individuals that are able to clearly articulate a vision and the path to success. The trademark of this type of leader is their ability to mobilize people towards a vision. This leadership style is most effective when a new vision is needed, or when the path to that vision is not always clear. One of the interesting aspects of this style is that even though the leader is considered an authority, they allow their followers to figure out the best way to accomplish their goals. The authoritative leadership style is best used in situations when a company or followers seem to be drifting aimlessly. For example, it's effective when a group or organization has been isolated, and their overall strategy and fit within the larger company is no longer clear to the followers. Pros Studies conducted by Hay / McBer examined the observations of thousands of executives; trying to understand their behaviors and their impact on the work environment. This team wanted to better understand how a particular leadership approach affects their direct reports. The findings of this study indicate the authoritative leader has the most positive impact of all styles on the overall operating climate. This style...
Words: 1330 - Pages: 6
...MIPS Reference Data Card (“Green Card”) 1. Pull along perforation to separate card 2. Fold bottom side (columns 3 and 4) together M I P S Reference Data Add Immediate Add Unsigned And And Immediate Branch On Equal addi 1 CORE INSTRUCTION SET FORNAME, MNEMONIC MAT OPERATION (in Verilog) add Add R R[rd] = R[rs] + R[rt] I I R[rt] = R[rs] + SignExtImm R[rt] = R[rs] + SignExtImm Add Imm. Unsigned addiu addu and andi beq OPCODE / FUNCT (Hex) (1) 0 / 20hex (1,2) (2) 8hex 9hex 0 / 21hex 0 / 24hex (3) (4) (4) (5) (5) chex 4hex 5hex 2hex 3hex 0 / 08hex (2) (2) (2,7) (2) 24hex 25hex 30hex fhex 23hex 0 / 27hex 0 / 25hex (3) dhex 0 / 2ahex R R[rd] = R[rs] + R[rt] R R[rd] = R[rs] & R[rt] I I I J J R[rt] = R[rs] & ZeroExtImm if(R[rs]==R[rt]) PC=PC+4+BranchAddr if(R[rs]!=R[rt]) PC=PC+4+BranchAddr PC=JumpAddr R[31]=PC+8;PC=JumpAddr Branch On Not Equal bne Jump Jump And Link Jump Register j jal jr Load Byte Unsigned lbu Load Halfword Unsigned Load Linked Load Upper Imm. Load Word Nor Or Or Immediate Set Less Than lhu ll lui lw nor or ori slt R PC=R[rs] R[rt]={24’b0,M[R[rs] I +SignExtImm](7:0)} R[rt]={16’b0,M[R[rs] I +SignExtImm](15:0)} I R[rt] = M[R[rs]+SignExtImm] I I R[rt] = {imm, 16’b0} R[rt] = M[R[rs]+SignExtImm] R R[rd] = ~ (R[rs] | R[rt]) R R[rd] = R[rs] | R[rt] I I R[rt] = R[rs] | ZeroExtImm R R[rd] = (R[rs] < R[rt]) ? 1 : 0 OPCODE / FMT /FT FOR/ FUNCT NAME, MNEMONIC MAT OPERATION (Hex) bc1t FI if(FPcond)PC=PC+4+BranchAddr (4) 11/8/1/-Branch On FP True...
Words: 2042 - Pages: 9