Understanding Contract Law, Risk and Opportunities Cynthia M. Cervantes Myphuong Le Karl Limpin Laura Semmler Cezner Velez Business Law 531 University of Phoenix Dr. Maurice Rosano, MBAM, JD May 30, 2009 Contract Law in Private Enterprise Discuss the importance of contract law to the private market system. How does Contract law provides flexibility and precision in business dealings? Response: One of the most common legal transactions a business will be involved in
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Objective 310.2.1-05: Ethical Issues in Business Blake Richey WGU Student Objective 310.2.1-05: Ethical Issues in Business A local business can grow successfully if proper care is taken regarding its public image and worth. Every misstep will be magnified and scrutinized within the community. When a business forgets it ethical duty to be socially responsible, it can lead to negative effects not only within the company, but also within the community it participates in. We will look at Company
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Supply Chain Management Workshop Series: Milk Run Delivery Nowadays, Supply Chain Management becomes a concern of many companies to success their improvement as there are several waste coming from these chains. By reducing all waste in these chains, company will get more benefit. These benefits are speed and responsiveness to customers, reducing inventories, reducing costs, improving customer satisfaction, and also Supply Chain as a competitive weapon. Supply chains that want to grow and continue
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CHAPTER 16---THE LEGAL AND REGULATORY ENVIRONMENT OF BUSINESS………….50 things! 16.1 LAW AND THE LEGAL SYSTEM 1. How does law differ from the legal system? * The legal system evolves to respond to changes in social norms and commercial activities. . Legal system is remarkably fair. The legal system establishes the rules of the game, adopting and enforcing them in a reasonably predictable manner. One U.S. law that creates unique challenges for American firms operating overseas is the Foreign
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mentioned herein are merely hypothetical organizations with characteristics developed to enable students to respond to the assignment. You may create and / or make all necessary assumptions needed for the completion of this assignment. In this assignment, you, in the role of a risk manager at Simply Green Products, will draft a document that is commonly used in the business world—a memorandum to your boss. Simply Green Products is a $10 million company that produces biodegradable packing materials
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DQ1. Why might legal rules be insufficient for fulfilling one's ethical responsibilities? Provide an example of a situation where a business person has done something legally right but ethically wrong. Business in general as a manager doing a legal or lawful act has put me at some point in odds, with my employees, what has happened is when the workforce comes in late or even, falls short of their job expectations. As a manager we must document them this is legally right, but can be ethically
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another in competition for a raise or a promotion, the potential for immoral or unethical behavior is there. The same is true when dealing with a competitor. The temptation to get ahead in any way possible can be strong. It is necessary for small business owners to stress that integrity cannot be compromised in any way, shape or form. Being the president in this scenario and using the information that was previously stated, If Alicia did come forward and told the president about Maya’s situation he
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Environment of Business Tamie Martz American Intercontinental University Abstract Creating a business can be an adventure, but it can also be a challenge. When you think of how you would fund your business. And what kind of structure management you would have. Operational issues and planning you will work with. Technology so many different types of software Company’s use. Technology is changing every day. And so many working environments to consider,
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the Smackey Dog Food client? Initial audit planning involves four things, all of which should be done early in the audit: 1. The auditor decides whether to accept a new client or continue serving an existing one. Smackey is a new client for Keller CPA. Before they accept the audit, Keller CPA examines the prospective Smackey’s standing in the business community, integrity, financial stability, audit fee and relations with its previous CPA firm. 2. The auditor identifies why the client wants
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Fundamentals of Macroeconomics Kenneth Machol ECO 372 October 1, 2012 Ashok Padhi Fundamentals of Macroeconomics Part I Macroeconomics includes a assortment of terms pertinent to its study. The following terms help recognize huge factors that influence the U.S. market. The Gross Domestic Product (GDP) is a measure of a country’s value based on goods produced, services rendered, government costs, and the differentiation of exports minus imports. The Real GDP is the measure of the output of
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