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:
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in the back of your mind. We will build on them while learning the law. As you will find, most of the TCO A ethical strategies include as a first question the following: Is the behavior illegal? A "yes" answer will (usually) lead you to decide automatically that the behavior is unethical, unless the law itself is unethical (as is sometimes the case). Therefore, as we learn what is and isn't legal, we will want to utilize that information in solving ethical dilemmas. When we move our businesses overseas
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also part of them norms, standards, customs and social convention. Norms: pattern of behaviors or communication, indicating what people should do in a specific scenario. Also expected behavior. VALUES: "a broad tendency to prefer certain states of affair over others" (Hofstede 2001) they emerge in behavior and are shared ASSUMPTION: are belief taken for granted, hard to define and to trace. They guide behavior by how members should perceive think feel and act. Section 2 An organization's culture
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Thompson PII: DOI: Reference: S0022-1031(10)00291-X doi: 10.1016/j.jesp.2010.12.023 YJESP 2600 To appear in: Journal of Experimental Social Psychology Received date: Revised date: 21 August 2010 14 December 2010 Please cite this article as: Lee, S. & Thompson, L., Do agents negotiate for the best (or worst) interest of principals? Secure, anxious and avoidant principal-agent attachment, Journal of Experimental Social Psychology (2010), doi: 10.1016/j.jesp.2010.12.023 This is
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Nutrition plays an important role in the present age of scientific investigation and discovery. Recent studies and discoveries in the field of nutrition have been considered among the greatest scientific achievements because of their far reaching effects on human progress and welfare. Credit is due to those investigators in the field of nutrition who made careful and painstaking studies which have given knowledge on how best to select, combine and prepare food to promote the health and efficiency
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A Skeptic's Guide to Computer Models by John D. Sterman This article was written by Dr. John D. Sterman, Director of the MIT System Dynamics Group and Professor of Management Science at the Sloan School of Management, Massachusetts Institute of Technology, 50 Memorial Drive, Cambridge, MA 02139, USA; email: jsterman@mit.edu. Copyright © John D. Sterman, 1988, 1991. All rights reserved. This paper is reprinted from Sterman, J. D. (1991). A Skeptic's Guide to Computer
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The Impact of Foreign Media on Children Aged 8-18 Years. Submitted To: Ma’am Fatima Saman Qaisar Submitted By: Fatima Ahmad 10-4933 Umer Hassan 10-4961 Zainab Sarfraz 10-4948 Aizaz Naseem 10-4917 Section: BS (AF) Group number: 2 Semester: 6 Date of Submission: April 27, 2013 Course: Business Research Methods Abstract Do you ever notice what do you watch during the Prime Time; An Indian Drama, or a Turkish one, or any local? Now days, mostly people are inclined towards
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Business Ethics and Crisis Management: Circumstances for a Second Chance Dr. Stefan MAYR Researcher at the Institut für Controlling und Consulting, Johannes Kepler Universität Linz, Austria Johannes Kepler Universität Linz Institut für Controlling und Consulting Altenberger Straße 69 4040 Linz Austria Stefan.mayr@jku.at Keywords: Corporate responsibility, corporate restructuring, enterprise crisis, bankruptcy 1238 Abstract Discourse regarding ethics and corporate responsibility arose
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that are involved with finances. In corporate life, just like in many other realms, money causes all sorts of problems. People make incredibly bad decisions because of money, and plenty of people have gone to prison because of their money-related behavior. This is why people always approach money with a certain amount of uneasiness. Here are a few thoughts on why financial management ethics are important. The numbers do not have a soul, so they cannot govern themselves. They must be managed by people
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CRANEFIELD COLLEGE OF PROJECT AND PROGRAMME MANAGEMENT M2 PROGRAM MANAGING ORGANISATIONAL PERFORMANCE AND INNOVATIVE IMPROVEMENT MODULE WESTRAND GROUP ASSIGNMENT The Trophy Project “Case Study” “We hereby declare that this assignment is entirely our own work, and that it has not previously been submitted to any other Higher Education Institution. We also declare that all published and unpublished sources have been fully acknowledged and properly referenced. This includes figures, tables
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