LEGAL AND ETHICAL ENVIRONMENT OF BUSINESS August 13th‚ 2012 LAW / ECONOMIC / ETHICAL WHERE THE LAW COMES FROM? • Maintain your property LAW • Rules related to the allocation of scarce resources WHAT DO WE WANT? • Earth at night • Predictability – Certainty – commerce loves certainty o Stable governments equal strong economy o Bank accounts‚ brokerage accounts‚ land titles o Property the governmentally supported right to exclude o Predictable sanctions for wrongful acts o Democracy
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Ivory Lenson The Legal and Ethical Environment of Business MGM365-0904B-07 Phase 3 Discussion Board 1 CTU Online Professor Darlene Pomponio December 26‚ 2009 A business has the responsibility of operating with the people in an ethical way or the way that they want to be treated. I think that the business world has the temptation to not treat others fair. The Federal Communications Commission (FCC) is an independent US government agency‚ directly responsible to Congress‚ and regulates interstate
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Political and legal issues The current political situation is quite unfavorable for business generally. In Slovakia‚ we have one-party rule - SMER - social democracy. The government disadvantages entrepreneurs and make it more difficult situation by increasing taxes and social contributions for employees. Non-profit organization‚ such as Habitat for Humanity would be making a profit if they had to pay higher taxes based on the amount of profit. The primary activity of non-profit organizations is
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BETWEEN A ROMANO-GERMANIC LEGAL ENVIRONMENT AND A COMMON LAW ENVIRONMENT In order for us to understand the difference between a ROMANO-GERMAN legal environment and a COMMON LAW environment‚ it is important for us to examine each system separately and then to present the main differences of the two legal systems. ROMANO-GERMANIC LAW (CIVIL LAW) Civil law is the main legal system used in the world today. It originates from the Roman law and is based on written legal codes which are applied
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Discussion Board Forum 2: Contracts BUSI561 – Legal Issues in Business November 10‚ 2013 Analysis of the Situation Let me begin by assessing the current situation and relationship with Don. Don and I met because of our individual desires to walk with Christ. We developed our friendship that eventually evolved to a business relationship; we are both small business owners. Our business venture started under favorable circumstances consistent with implied duty of faith
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CHAPTER 1: INTRODUCTION TO LAW AND LEGAL REASONING I. SCHOOLS OF JURISPRUDENTIAL THOUGH a. Types of Schools of Jurisprudential Schools. 1. The Natural Law School A. Denotes a system of moral and ethical principles based on a person’s natural instinct and use of natural intelligence. i. Dates back to Greek Philosopher Aristotle (384-322 B.C.) distinguished between natural law and laws governing a nation. 2. The Positivist School A. Positive Law-National and written
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Assignment on the Legal issues for business startup By ABC Date There could be number of legal issues that could create a hurdle at the start of a business. Therefore‚ every issue or legal fear could be dealt properly in order to execute the starting process of the company in an efficient manner. The fears or a business might face issues related to operation and structure that could have legal implications. The primary things for starting business are the name chosen for the business should not
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Business Ethics and Legal Issues by Crystal D. King AIU Online BUSN310 – International Legal and Ethical Issues in Business Unit 4 Individual Project March 6‚ 2011 Abstract Antitrust laws were primarily created to put an end to businesses that got too large from blocking competition and abusing their power. Choices offered to consumers can be limited by mergers and monopolies because smaller businesses are not usually able to compete in the marketplace. Even though free and open competition
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Legal Issues in Business Organizations University of Phoenix June 29‚ 2012 SITUATION A Employee A’s leave of absence is covered under the Family and Medical Leave Act (FMLA) of 1993. FMLA applies to all companies with 50 or more employees. This act mandates an employee be allowed up to 12 weeks of leave for qualifying circumstances. The birth of Employee A’s child is a qualifying circumstance under the domestic responsibilities clause of the act. Longevity a clause in the FMLA also makes
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The Legal and Ethical Environment of Business MGM365-1204A-08 Phase 3: Philosophy Brendon Foster America is a country of true convenience and consumerism. In this country of opportunity‚ the very well established credit industry allows people who only earn fifty thousand dollars a year to purchase and “own” two hundred and fifty thousand dollar homes and thirty thousand dollar cars. We pay over time to enjoy or conveniences and lives now. In developing economies‚ this is very far from the
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