BUSINESS LAW BLO1105 2014 Prepared by Darren Parker BLO1105 – Business Law ------------------------------------------------- Business Law Students’ Manual ------------------------------------------------- 2014 Edition This Manual contains materials essential for all students undertaking Business Law, including: * ------------------------------------------------- Course Guide for Business Law; * -------------------------------------------------
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11/2/05 1:22 PM Page 138 C H A P T E R 5 Business Ethics and the Legal Environment of Business Learning Objectives After studying this chapter you should be able to: 1. Understand the relationship between ethics and the law and appreciate why it is important to behave ethically. 2. Differentiate between the claims of the different stakeholder groups affected by a company’s actions. 3. Identify the four main sources of business ethics, and describe four rules that can be used
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Business Legal LAW: 1. The sum total of all the rules to live by. 2. Consistant enforcement; avoids chaos. SOURCES OF THE LAW 1. Constitution: creates rights, express rights (written in the document), implied (assumed, suggested) 2. Statetory: law passed by our elected legislators (can be modified to be updated) 3. Common Law: judge made law (Stare Decisis “stand on the decision”) Precedent (something from your past that you’ve done to use to make a decision in the present)
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like to have business all around the world and for them is not complicated to adapt the culture of where they decide to move. 2-. First business in china are very different and I think will be hard for me to adapt the way they business work. But if I decide go and do business I think will look first the way they work and learn for it and then apply a little bit of the way business work in Mexico. Something that everybody needs to know is wherever you go you need to adapt if you are the one
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11/2/05 1:22 PM Page 138 C H A P T E R 5 Business Ethics and the Legal Environment of Business Learning Objectives After studying this chapter you should be able to: 1. Understand the relationship between ethics and the law and appreciate why it is important to behave ethically. 2. Differentiate between the claims of the different stakeholder groups affected by a company’s actions. 3. Identify the four main sources of business ethics, and describe four rules that can be used
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(timely and cost effective). "The world is entering an era in which the most powerful law is not that of sovereignty but that of supply and demand (Kinley, D., & Joseph, S., 2002)". Sometimes this means that a business needs to grow to accommodate these needs and wants. To keep customers happy and fulfill their requirements of getting it promptly and at a reasonable price, corporations have been expanding their business to other countries or outsourcing many of their operations. A significant issue
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Course Description | This course, geared to non-attorney managers and executives, provides a broad survey of federal and state laws and judicial systems governing and/or affecting information security. Topics include the effects on information security of cyber-business regulation, doing business on the Internet, privacy laws, taxation, protection of intellectual property, electronic privacy, wiretapping, and cyber-squatting. In addition, students examine ethical issues, forensics, and evidence of
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and how they decide to handle it. I will discuss why mergers face threats and describe the additional complexities that would arise under different circumstances. I will analyze how different forces will come together to create a convergence between interest of stockholders and managers. Also explain the difference between shareholders and managers as principals and agent and last but not least; how do we create increased value for shareholders. In conclusion of this report I will decide on whether
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C H A P T E R 5 Business Ethics and the Legal Environment of Business Learning Objectives After studying this chapter you should be able to: 1. Understand the relationship between ethics and the law and appreciate why it is important to behave ethically. 2. Differentiate between the claims of the different stakeholder groups affected by a company’s actions. 3. Identify the four main sources of business ethics, and describe four rules that can be used to help companies and their employees
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Operating as a Sole Proprietorship as you are now does not protect your personal assets in the event a suit was brought against your company. Sole proprietorships do not differentiate between the business and the individual whom owns the business. In order to be recognized legally as a business you will need to file for an EIN (Employer Identification Number) this in effect is your business’s social security number. As a Sole Proprietor you are only obligated to pay taxes once a year as you would an individual whom did not own his
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