LEGAL‚ SOCIAL‚ AND ECONOMIC ENVIRONMENTS OF BUSINESS 1 Legal‚ Social‚ and Economic Environments of Business Andrew Desjardins American Intercontinental University LEGAL‚ SOCIAL‚ AND ECONOMIC ENVIRONMENTS OF BUSINESS 2 Abstract There are three types of businesses: Sole Proprietorship‚ Partnership‚ and Corporation. Bases on the scenario represented in this paper‚ a sole proprietorship is the smartest decision when starting this business
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| | | Stephanie Rodriguez | AIU-Online Campus | There are different aspects of starting a Business that can contribute to the success or failure of a Business if they are not applied. These Considerations include the legal‚ social and economic environments of business. There are also different styles in Business such as sole proprietorship‚ partnership and corporation. As an inventor who has come up with a product that is a home appliance that is versatile for everyday consumer needs
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CASE 1: FLASH AIRLINE FLIGHT 604 CASE 1. The French plaintiffs sued the Egyptian carrier Flash Airlines in France. Have a look at the Warsaw Convention of 1929 (research the text on the internet). Identify the liability rules for damage sustained in the event of the death and‚ separately‚ the clause that would justify French jurisdiction over the case. 2. Some French plaintiffs also tried to sue the US manufacturer and its US contractors. Is the Warsaw Convention applicable in this respect? How
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Most economists agree that high levels of unemployment are costly not only to the individuals and families directly affected‚ but also to local and regional economies and the economy as a whole. We can make a distinction between the economic costs arising from people out of work and the social costs that often result. Lost output of goods and services Unemployment causes a waste of scarce economic resources and reduces the long run growth potential of the economy. An economy with high unemployment
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HARRIS-STOWE STATE UNIVERSITY Anheuser-Busch School of Business BSAD 0220‚ Legal Environment of Business Section 61 Saturday‚ 12:30 p.m. – 5:00 p.m. Instructor Dr. Johndavid Kerr “Attendance Discussion Question” By Brandon Dickson Homework assignment presented to: The Anheuser-Busch School of Business‚ Harris-Stowe State University‚ St. Louis‚ Missouri 63103 in partial fulfillment for the requirements of the degree Bachelor of Business Administration September 13‚ 2014 1. To ensure
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Legal and Regulatory Environment of Human Resources Affirmative Action Affirmative action is defined as positive steps taken to increase the representation of women and minorities in areas of employment‚ education‚ and business from which they have been excluded. Affirmative action refers to policies that take race‚ gender‚ or ethnicity into account in an attempt to promote equal opportunity. It is supposed to maximize diversity in all levels of society and to redress disadvantages
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Legal Environment of Business Chapter 2 Assignment Questions for Review and Discussion 5. Statutory laws are passed by either the state or federal legislature. Federal statues must be signed by the president of the United States While‚ state statues must be signed by the governor. Statutory law must be followed by everyone unless considered un-constitutional by the Supreme Court. 7. Common laws are similar to morals. When there are no laws or statues that relate specifically to a case‚ the
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Chapter 1 Law and Legal Reasoning N.B.: TYPE indicates that a question is new‚ modified‚ or unchanged‚ as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank. = A question included in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Laws and government regulations affect almost all business activities. ANSWER: T PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal 2. The U.S. Constitution
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CRITICAL LEGAL STUDIES Critical legal study (CLS) is a theory that challenges and overturns accepted norms and standards in legal theory and practice. Supporters of this theory believe that logic and structure attributed to the law grow out of the power relationships of the society. The law exists to support the interests of the party or class that forms it and is merely a collection of beliefs and prejudices that legitimize the injustices of society. The wealthy and the powerful use the law as
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1. ------------------------------------------------- Basic Legal Notions Law - is a set of rules that is binding the community. A set of rules that can be enforced and is officially recognized. Law must be capable or reform and change as society’s values and ethics change. Relationship between customs‚ rules and laws- Customs and rules govern behavior but the courts do not enforce them on community members. The community may generally see a custom as right but it is not legally enforceable.
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