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D2 The Legal Environment Analysis
The Legal Environment DB2
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The Legal Environment DB2
Ethical violation examples
I belong to a company which happens to be a major player in the manufacturing and retail sector.
The company has had a few ethical issues as pertains to the way it treats employees and how it
disposes of waste. The labor force is underpaid and waste products are disposed of in water bodies
posing an environmental threat. Considering the size and clout with governmental authorities it is
unlike the company will face legal issues, but the corporate social responsibility department is
virtually in the toilet which does not aid the public image. There are other examples of these issues
in other companies as explained in the following text.
The first company is one of the largest technological corporations in the country and they handle a
number of things like mobile phones, televisions, household appliances and even software. By all
rights, the corporation is quite profitable in its field; however, there are ethics issues that have come
up. ... Show more content on Helpwriting.net ...
They conduct oil drilling in South America and Asia and process the crude oil to provide valuable
petroleum by products which are not only sold in the country but on the international market. The
trouble with this company is the way it disposes its waste. There were reports of dumping industrial
waste on water bodies near the factories in the overseas plants as the environmental laws are not
very regulated in these host nations. In both scenarios for the first and second companies, they are
likely to not face legal charges even though these are clear ethical violations of their mandate in
producing goods needed by the market. However, their social outlook is going to suffer quite a bit as
the public is going to continue to associate the corporations with the ugly side of corporate culture
which may ultimately affect their sales and client
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SAS Institute Inc.: Legal Environment Analysis
Company Background: SAS Institute, Inc. is a software company, founded in 1976, and located in
Cary, North Carolina. SAS was originally an acronym for Statistical Analysis Systems, which was
the primary software offerings from the original company founders. Since then, though, the line of
software products has branched far beyond the statistical analysis sphere. The company is actually
one the largest privately–held corporation in North Carolina and in the software business overall,
with 2011 revenues approaching $3 billion and 12,000 employees globally (SAS, 2012). SAS
entered the software marketing in 1976 with a statistical analysis package that ran on IBM
mainframe computers. Excel had not yet become sophisticated enough for statistical analysis, and
SAS offered a windowed program environment. As computing power grew, SAS grew as well,
allowing users to switch from one operating system to another, and allowed personal computers to
run statistical programs typically only available on mainframes of the time. SAS Software is still the
industry standard and used, for instance, in clinical pharmaceutical trials for submission to the FDA,
in the insurance industry, public health, data mining, and business performance management. It
remains a private company enabling the management to run the organization without shareholder
demands; thus moving 25% of the annual revenue (approximately $75 million) into strict research
and development. Additionally, the company is progressive
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Legal Environment Of Business Gtu310 Ot1
Legal Journal Assignment Jesus Cabral Legal Environment of Business GTU310–OT1 Dr. Carson
August, 16,2016 Brandman University Introduction Advice from friends, a superior at work or an
acquaintance for personal or legal situations or business legalities ought to be taken for its
substance; little value. Lawful guidance can be given by an attorney/lawyer, and legal information
can be given by friends, family or even employers but it is just as stated "information" to not be
steered in any course. This paper describes circumstances when advice was given by an employer to
the researcher and could have landed the researcher in financial liability. Can anyone give you and
me legal advice and if so, what is legal advice? ... Show more content on Helpwriting.net ...
The answer is no! Adult Americans conduct agreements in the form of contracts. The legalities prior
to the agreement are typically where we get into trouble and seek advice from friends or family
members. What must be fulfilled for a contract to be valid? According to (Patterson) the following is
necessary: It must be based on mutual agreement by the parties to do or not to do a specific thing
(2013). In the event that a friend or family member gives advice without understanding the
definition of duress, and the party contracting with you claims duress, then, the contract may be void
and criminal charges may be brought to you or me. Just what is duress? Let's understand the
meaning of mutual contract first; The word mutual is very clear as to its insinuation on a contract,
thus it must not be made under duress. The definition of duress according to (Duress, n.d.) is the
restraint or danger, actually inflicted or impending, which is sufficient in severability to deprive a
person of free choice (n.d). In other words, the parties must reciprocally agree without being forced
into contracting by threats or bodily harm. Accordingly, why is this important to the researcher and
each of you? Well, it is imperative to comprehend and be cognizant of the intents and verbiage a
contract may comprise, subsequently a
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Different Political, Legal, And Economic Systems And...
[INTERNATIONAL BUSINESS CULTURE] Part 1 Critically evaluate the different political, legal,
and economic systems and technological forces in the international environment and their impact on
international. Answer: – Political factors Alternately how and to what degree a legislature mediates
in the economy. In particular, political components incorporate ranges, for example, charge
approach, work law, ecological law, exchange limitations, levies, and political security. Political
components might likewise incorporate merchandise and administrations which the administration
needs to give or be given (legitimacy products) and those that the legislature would not like to be
given (products and terrible). Moreover, governments have awesome impact on the wellbeing,
training, and framework of a country. Economic factors Incorporate financial development, interest
rates, trade rates and the expansion rate. These components have significant effects on how
organizations work and decide. Case in point, interest rates influence a company 's expense of
capital and in this manner to what degree a business develops and grows. Trade rates influence the
expenses of sending out products and the supply and cost of imported merchandise in an economy
Legal factors Incorporate segregation law, shopper law, antitrust law, occupation law, and wellbeing
and security law. These elements can influence how an organization works, its expenses, and the
interest for its items. Technological
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Political-Legal Environment: Delta Airlines
Political–Legal Environment: Delta Airlines Delta Air lines is not immune to the political and legal
structures that exist both domestically and globally. There are many factors that affect the political
and legal structures for Delta in their domestic environment of the United States and also in the
global environment of Europe. Teresa Cederholm in her article on MarketRealist.com states "The
airline industry is widely impacted by regulations and restrictions related to international trade, tax
policy, and competition" (2014) She goes on to elaborate further on issues that impact the airline
industry such as "war, terrorism, and the outbreak of diseases" (2014). All of these issues require the
government to set in and set different ... Show more content on Helpwriting.net ...
Cederholm states that "After the deregulation, passengers benefited from additional routes through
the hub and spoke model [and] competition also increased" (2014). With the deregulation, customers
saw a price drop in airfare causing using air travel more accessible to a wider range of Americans. In
a Smith and Cox article on the Airline Deregulation, they state that "Airfares, when adjusted for
inflation, have fallen 25 percent since 1991, and, according to Clifford Winston and Steven
Morrison of the Brooking Institution, are 22 percent lower than they would have been had regulation
continued" (2008). With the increased competition and lower prices, many airline companies have
opted to merge instead of competing with each other. There have been mergers between U.S.
Airways and American West, Northwest and Delta, United and Continental, AirTrans and
Southwest, and American with U.S. Airways. According to Cederholm, "These carriers, along with
JetBlue and Alaska, account for more than 90 percent of the U.S. market share seat miles" (2014).
These mergers help the major airliners, such as Delta Air lines, with reducing competition with the
low cost low frills airlines. The biggest barrier for Delta Air lines is with the European Union's
carbon emissions tax for all airlines traveling in and out of Europe. According to Crawley and
Quinn, "under the mandate that
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Ethical And Legal Environment Of Organizations
Hostess Brand Falls Flat
Cristy Lawler
Bethel University
MOD 450: Ethical & Legal Environment of Organizations
Dr. Dorothy Black
December 29, 2016 Abstract For over 70 years Hostess had been a staple on shelves everywhere.
Then in the 80's the company hit very hard financial troubles. In an effort to save the company it
made hasty negotiations, took hefty loans for two major leaders, and then tried to quick fix the
problem. All the while not holding up to their end of the bargains they had made with their
employees and the unions.The executives were looking to only take care of themselves. This ended
up being a catastrophic mistake. Within 8 years of filing bankruptcy Hostess once again filed,
however, this time it was ... Show more content on Helpwriting.net ...
Everyone wanted the company to run their way with no clear vision on how to keep the company
running in the long run. This mismanagement falls on the heads of the executives. It was the
responsibility of the head people in charge to make sure that the company was not spread too thin
over many different areas. There was no need for over 370 different agreements with that many
different unions. The unions and the executives should have come together and came to a collective
agreement that best suits all those involved. Not to mention the alarming number of routes, when
many of products were all going to the same stores in the first places. That just cost more money.
The executives need to stop trying to please everyone all the time, because it is impossible to please
everyone all the time, there will be times when people are going to have to compromise for the
greater good of the collective whole.
Kneading the mixture In order to keep the company afloat, the company made deals with a number
of big–name lenders and ended up giving the unions the demands they sought for even more pay
raises and newer contracts. Thinking this would help bring in the money to get the company back on
its feet by restructuring. Unfortunately, it only ended up going to pay interest payments and none of
it actually went to repair equipment or back into the business itself. In the five years after the initial
2004
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Legal Environment of Business: Business Environment for...
Introduction XYZ Construction Inc. is concerned about the economic and legal factors that could
affect the organization, particularly as the company transitions during these upcoming months from
a private company to public ownership, or, initial public offering (IPO). XYZ must be concerned
with the legal environment of our business, which is the basic set of rules, and laws that surround
the atmosphere of business in general, and the industry that frames XYZ Construction Inc. This
document will first describe the business environment for XYZ Construction Inc. Next, this paper
will analyze the legal factors XYZ will face during this transition, and the activities our employees
will need to become familiar with in order for XYZ to remain ... Show more content on
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If for some reason one of these parties does not keep the promise made by this written or verbal
agreement is enforceable by a court of law. "A contract is an agreement that is enforceable by a
court of law or equity. A simple and widely recognized definition of contract is provided by the
Restatement (Second) of Contracts: "A contract is a promise or a set of promises for the breach of
which the law gives a remedy or the performance of which the law in some way recognizes a duty."
(Pearson Learning Solutions, 2012, pg.854) This gives each party protection for business dealings. A
contract must have the following to be enforceable by law. According to Pearson Learning
Solutions, 2012: 1. Agreement. To have an enforceable contract, there must be an agreement
between the parties. This requires an offer by the offeror and an acceptance of the offer by the
offeree. There must be mutual assent by the parties. 2. Consideration. The promise must be
supported by a bargained–for consideration that is legally sufficient. Money, personal property, real
property, provision of services, and such qualify as consideration. 3. Contractual capacity. The
parties to a contract must have contractual capacity for the contract to be enforceable against them.
Contracts cannot be enforced against parties who lacked contractual capacity when they entered into
a
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Legal and Social Environment of Business Ethical Dilemmas
LEGAL AND SOCIAL ENVIRONMENT OF BUSINESS ETHICAL DILEMMAS
Ethics is an essential component of all situations and decisions of life, whether personal or
professional. Ethics defines itself as, a systemized set of generally accepted standards or moral
values and also the academic study of such belief systems (Massey stream glossary). Ethics can
further be divided into various categories depending on the issues and aspects of each respective
case. An ethical dimension of business decision–making has been discussed in 'A Sticky Situation',
which is faced by Kent Graham (Shaw, Barry, & Sansbury, 2009). In this particular case, Kent
Graham faces various normative theories of ethics. The situation faced by Kent Graham is very
much important ... Show more content on Helpwriting.net ...
Kant aimed to ensure that his absolute moral law would avoid such contradictions. If he formulate
such a rule, he maintained, everyone would be obliged to follow it without exception. Kant's ethics
can be well applied for this situation of Kent Graham. Kent is in a situation where his bonds of duty
to his family hold him in making a decision that will profit him personally. He is under the pressure
to support his family and this thought cannot be considered wrong or as a crime. Kent took the
decision to negotiate the firm's deal, which is an act that could be right or moral as it came from the
cause of good will and duty. Like Rousseau and Hobbes, we at least think of the state as if it had
arisen out of social contracts with people.
Another ethic to put light on for this situation is the Egoism. Ethics has defined egoism as the view
that equates morality with self–interest. Egoism contends that an act is morally right if and only if it
best promotes an agent's long–term interest (Shaw & Barry). Moral philosophers distinguish
between two kinds of egoism: personal and impersonal. Both are more overly based on the long–
term interests. In this situation Kent Graham portrays a great deal of egoism, which can be further
related to personal egoism. In order to retain his position in the firm and also for the welfare of his
family, Kent graham goes ahead in negotiating his deal to Jack Olson at Spray–On
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Social, Political And Legal Environment Associated With...
Executive Summary: Social media such as Facebook and Twitter allow society to publicize their
social lives to all. While managers in organizations are forbidden to ask personal questions of their
employees regarding religious or voting preferences, if they have access to their employees
Facebook or Twitter pages, they automatically have full access to all information that employees
post regarding their personal lives. Will an employer's access to an employee's social media pages
sway or create bias regarding hiring or promotion activities that didn't previously exist? How does
the organization manage ethical and legal situations where managers and employees are posting
their issues with each other on their social media pages instead of ... Show more content on
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The consequences of posting comments on a social website have opened the door to legal and
ethical issues and concerns. What is social media? Social media consists of web–based internet
social networks where users across the world can share information and communicate with other
users in an interactive manner. Users can communicate, socialize, share emails, documents, pictures,
video, audio files, events, activities, and ideas. Users can also share concerns, issues, and problems.
Social media has become an important part of people's lives, thus, allowing them to communicate
with a broader social network every day regardless of where they are at. Reports indicate that the
number of people using social media sites several times a day has more than doubled from 2009 to
2010 from 18 to 40 million. Today, more than 66 million Americans use social media sites. There
are many types of social media that are accessed while in the workplace. Some examples include:
LinkedIn which is a social and professional networking site created in 2003 to provide professional
people with access to networking, marketing, advertising and job search opportunities. This website
has more than 70 million users globally and from more than 200 countries. They have
approximately 100 million members and they add new members at a rate of roughly one million per
week. Facebook is a social networking site that was created in 2004 to enable regular
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Mgsc30 Unit 1 Assignment 1 The Legal Environment Of Business
MGSC30 / LEC01 / Summer 2015
The Legal Environment of Business I
MIDTERM
Instructions:
This midterm has four pages and there is one long case question. You will have one hour and fifty
minutes to complete the work. No additional aids are allowed or in any way required.
The University of Toronto's Code of Behaviour on Academic Matters applies to all University of
Toronto Scarborough students. The Code prohibits all forms of academic dishonesty including, but
not limited to, cheating, plagiarism, and the use of unauthorized aids. Students violating the Code
may be subject to penalties up to and including suspension or expulsion from the University.
As you'll recall, when we last left CanBro Gaming they were ... Show more content on
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At the first annual general meeting of shareholders,
2
only Terry, Jon, and Glen attended. They were also the only director candidates with the required
100 shares and the three were elected to the board for a one year term.
This basic method of incorporation and share issuance (at least as it relates to the two co–founders)
should be familiar to anyone who reviewed Saloman at all recently. Terry and Jon selling their
ownership stake in the existing business in exchange for shares in a new corporation is entirely
reasonable and proper.
There are 1900 shares at this time (I did the math for you) and that will become meaningful shortly.
Note that this "Statement of Principles" is interesting, but not legally relevant. A for–profit
corporation must still be run in a fiduciary capacity with the best interests of shareholders (i.e. make
profit) foremost in mind. You can ask people to subscribe to "awesomeness" as a guiding principle,
but it doesn't mean anything in legal terms. Or at least it would be a very novel suggestion if it did.
Note that the three "first directors" are elected at the first annual meeting. So they go from being just
directors for the incorporation process and then continue as longer–term directors. Again, entirely
proper.
Over the next year, CanBro Gaming Inc. evolved from a business focused mainly on fielding
competitive gaming teams to one that produces online gaming–related content and commentary.
They quickly found
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Business Formations : The Legal Environment
Running header: Memo to Gloria Smithson 1
LAWS–310: The Legal Environment
Memo to Gloria Smithson
+++
Linda Plowman
DeVry University
Sep 21, 2014
Table of Contents
Introduction 3
Business Formations Identification 3
Business Formations Definition 4
Pros and cons 5
Conclusion 7
References 8
Introduction
This memo is about providing to Smithson's family a summarized and explanatory paper that will
advise them regarding their will to create a business, which will be able to grow steadily and
feasibly expand globally. Due to the nature of their invention, which is a revolutionary widget, this
is a viable and feasible option that has to be taken seriously. Gloria ... Show more content on
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2015, p.459):
Sole proprietorship
General partnership
Limited partnership
Limited liability partnership (LLP)
Limited liability company (LLC)
Corporation From the above mentioned formations and having in mind the concerns of Gloria
Smithson about insulting herself and her family from personal liability, we have come up with a set
of three proposed business formations:
Limited partnership: Owners are distinguished as either general or limited partners. Limited partners
are only liable about their contribution to the partnership involving funds, equipment and other
property.
Limited liability partnership (LLP): Owners are not liable for debts, obligations or other liabilities of
the partnership which are a direct result of negligence, wrong acts or malpractice of an agent,
employee or partner of this partnership (Bhattacharyya. A.K., 2011, p.5). However, a partner will
still be liable for negligence, wrong acts or malpractice conducted by an agent, employee or partner
who is under his / her direct supervision.
Limited liability Company (LLC): Business' owners are only subject to limited liability for
company's debts and actions. Owners will be only liable for their own mistakes or negligence that
they may show in occasions.
Business Formations Definition In this section we'll are going to give the selected business
formations' definition: o Limited partnership: This type of business has two categories of partners,
general and limited
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Legal And Regulatory Environments And Ethics
1. Title: legal and Regulatory Environments and Ethics: Essential Components of a Fraud and
Forensic Accounting Curriculum
Forensic accounting is defined as "the action of identifying, recording, settling, extracting, sorting,
reporting, and verifying past financial data or other accounting activities for settling current or
prospective legal disputes or using such past financial data for projecting future financial data to
settle legal disputes". Forensic accountant are very important part of the business for the expert
services, legal system such as financial statement analysis on securities and exchange tax, fraud
schemes and bankruptcy. However forensic accounting is used for the investigation and prosecution
of fraud. (Curtis, 2008) Said, that accounting curriculum needs to be upgraded because accounting
professionals or accountants are key player in account management and financial management.
Accountants are involved in accounting practices and fraudulent activities therefore there is need for
forensic accounting curriculum. Curriculum plays a major role in accountant 's professional life
because what they learn during their studies, they execute it as well.
Therefore curriculum needs to be improving and forensic accounting curriculum must be reduced to
prevent frauds. Moreover legal and regulatory environment and ethics are key and essential
components of a fraud and it should be include in curriculum. (Curtis, 2008) suggested that
curriculum needs to be improve
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Data And Method, Laporta's Legal Environment Database, And...
Data and Method
I use five datasets: Worldscope, Capital IQ, ADR database, Laporta's legal environment database,
and Hofstede's national culture indexes. In this work, I use Worldscope to obtain data on a firm's
financial information and capital IQ to find the information on CEO turnover. Through this research,
I found the list of cross–listed firms at the Bank of New York and Citibank's ADR directory. I have
three measures for cross listing. ADR contains all cross–listing's in U.S. with the high ADR
containing cross listings in the NASDAQ, NYSE. and AMEX. Capital dummy contains those ADRs
where capital was raised. Canadian companies listed on U.S. exchanges are all considered High
ADR. I merge my data from the Worldscope, Capital IQ, and ... Show more content on
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Size is the lagged logarithm of Total Asset in U.S. dollar. Performance is net income over total
Asset, both lagged and in U.S. dollar.
Power distance index (PDI), as Geert Hofstede explains, is "this dimension expresses the degree to
which the less powerful members of a society accept and expect that power is distributed
unequally." Power distance index dummy is equal to 1 if PDI is greater than U.S. PDI, otherwise it
is zero. I expect the PDI to have a negative significant coefficient in model 1 and I expect a negative
coefficient for the interaction term for countries with a higher PDI than the U.S. and a positive
coefficient for the interaction term for firms from countries with lower PDI than the U.S.
Long Term Orientation Index measures whether people in a country are focused on a long–time or
short–term horizon. Hofstede explains, "in the business context and in our country comparison tool
this dimension is related to as "(short term) normative versus (long term) pragmatic" (PRA)." The
U.S. LTO dummy is equal to 1 if the LTO is greater than U.S. LTO or is equal to zero otherwise. I
expect LTO to have a negative significant coefficient in model 1. In model 2, I expect a negative
coefficient of the interaction term for countries with higher LTO than the U.S. and a positive
coefficient of the interaction term for firms from countries with a lower LTO than the U.S.
Civil/Common dummy is equal to 1 if the country's legal system is based on the civil
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The Legal And Political Environment
Description
The definition of legal and political environmental base on business dictionary is government
actions which affects the operations of a company or business. These actions may be on local,
regional, national or international level. (BusinessDictionary.com, 2015)
The legal and political environment can impact business organizations in many ways. It could add a
risk factor and lead to a major loss. Company should understand that the political factors have the
power to change results. It can also affect government policies at local to federal level. (PESTLE
Analysis, 2015)
Table 2.1: The table below shows the different business company environment in different state.
Totalitarian State
Democratic State
Imposed authority.
Restricted participation.
Freedom.
Rights.
Companies might pay briberies to government.
The business law is vague.
Stable business environment.
Freedom and no censorship.
Higher risk compared to democratic state.
Lower risk compared to totalitarian state.
Adapted from Effects of politics on international business. (Slideshare.net, 2015)
The table clearly shows that different type of political system will affect a company 's operation in a
country. It is also important for company to be observant to the political environment.
Companies should always track their political environment. Changing in the political factors can
affect business strategy because of the following reasons:
Reasons for political factors
Diagram 2.2
(PESTLE Analysis,
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The Legal Environment That Governs Over The Contracts...
It has been my pleasure as a Research Security Consultant to conduct a brief overview of the legal
environment that governs over the contracts Reboot Media has previously won. This report will
consist of the laws, policies and regulations that each chief information security officer (CISO) and
the senior staff to Reboot Media must understand. In the contracts, which Reboot Media has
previously won, will require each of the CISO to make policies in accordance to the public or
private organization. Each of these policies must be written to comply with the organizations' need
for accountability, confidentiality, integrity, and availability. Reboot Media has won three major
contracts to support CISOs in the Washington DC area. These contracts ... Show more content on
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Health Care Providers account for any facility that provides any type of physical or mental care such
as therapeutic, rehabilitative, preventive and diagnostic care as well as is paid for healthcare
(Dreyzehner). Any business that receives health related information from hospitals billing services
and deals with processing that information is part of the Health Care Clearinghouse entity, because
they have access to sensitive information about patient's financial records that needs to be protected
under HIPPA. Programs known as Medicare and Medicaid are created to facilitate patients pay for
their medical cost, which causes these programs to acquire personal, medical and financial
information of their patients. These programs are part of the Health Plans, and HIPPA ensures that
all of the information is safe and patients continue to be provided with health insurance.
Accountability Policy Each medical and research facility will have sensitive equipment and data.
There are many different stakeholders who invest and depend on the accountability of the all the
equipment at all times (Washington University). The CISO's will need too implement accountability
over the equipment and data in each of the medical and research facilities. The following, which will
need to be addressed in each of the policies, will be as follows
User Access o There will be users with higher privilege access with
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Legal Environment of Business
Simulation: Business Regulation
Legal Environment of Business
Simulation: Business Regulation
Alumina Incorporation Alumina Incorporation is an USA–based $4 billion alumni maker. It operates
in eight countries around the world with the USA counting for seventy percents of its sales. Situated
in the fringes of Lake Dira in the state of Erehwon, Alumina Inc. has business interests in
automotive components and manufacture of packaging materials, bauxite mining, etc. Alumina Inc.
falls under the jurisdiction of region six of the EPA. There was a routine EPA evaluation inspection
five years ago, and Alumina Inc. was found guilty in violation of environmental discharge norms.
This was the only bad incident in company 's records. ... Show more content on Helpwriting.net ...
This case can become complicated and it can shake Alumna 's competitive position in the global
aluminum trade. Even more than that, the punitive damages can be very expensive for the company.
The best way to respond to the issue is with AAA intervention that will help resolve this dispute
through alternative in mediation. Alternative dispute resolution can help the company manage risk
and resolve disputes in short period of time, with minimum expenses, and less negative publicity.
CEO 's Action Regarding Bates ' Dispute
As CEO of Alumina Inc., the decision to consider defending the lawsuit filed by Kelly Bates and
settling the case depends on a variety of factors. The CEO has to weigh the cost and time involved
in litigation, likelihood of a favorable outcome, and the negative publicity associated with the suit.
Kelly Bates alleges that the dumping of polycyclic aromatic hydrocarbons (PAH) into Lake Dira by
Alumina Inc. caused her daughter 's leukemia. The health of Kelly Bates ' daughter will touch the
community 's heart leading to a public outcry against Alumina Inc. The publicity given to the case
by the media may create a sympathetic jury pool and thus Alumina Inc. may not get a fair trial.
Alumina Inc. could lose millions of dollars in legal fees, expert opinions, research costs, loss of
clients because of the negative publicity, and ultimately the jury could award the Bates ' family
millions in compensatory and punitive damages.
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Casino Legal Environment
The main topics or laws that I have learned are Business Structure, Government Regulation, and
Legal Environment Business. I work for a Casino, so I know we used these three topics. Business
Structure is a organization framework legally recognized in a particular jurisdiction for conducting
commercial activities, such as sole–proprietorship, partnership, and corporation. Most types of
government regulation involve the setting up and enforcement of standards for conducting
legitimate activities. My concern here is with government regulation of business or economic affairs
by municipal, county, state, and Federal politicians and bureaucrats.
During the past few years, the case for such regulation has been spelled out in fairly clear and
general terms. I wish to examine the arguments which are based on moral considerations, since it is
such arguments that matter in the defense of the authority of the state to treat its citizens in various
ways. ... Show more content on Helpwriting.net ...
Management involves the administration of the properties and realms which the government owns.
For example, the national parks and forests are managed by government, not regulated. So is the
interstate highway system. In contrast, toy manufacturing, which is an activity of private business, is
regulated by government, as are the manufacture and sale of many foods and drugs, the production
of cars, and the practice of law, medicine, and other occupations.
The legal environment of business refers to the code of conduct that defines the legal boundaries for
business activity. To understand these boundaries, it is essential to first have a basic understanding
of the law and how it affects businesses and business practices. The nature of business spans over a
number of legal realms, all of which are continuously influenced by the needs and demands of the
business community, consumers, and the government. Each has a distinct stake and voice in this
vibrant legal
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Bus C110 Legal Environment of Business
Assignment ONE: Consider Burma (named Myanmar by its military rulers). What political rights do
you have that the average Burmese citizen does not? Post your response. Having an authoritarian
government, the people of Burma face intense control by the government with limited, if any,
elections or choices. The people must show complete obedience to the government to avoid harsh
and usually unjust consequences. While my democratic government posses strong authoritarian
elements, I still have the power to vote, freedom of speech, right to a fair trial, and many other
liberties and freedoms that the people of Burma lack. ASSIGNEMENT TWO: Assignment: What Is
Ethics? Think of a person who did something morally wrong, at least to your ... Show more content
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Since Congress cannot possibly be informed enough on every single issue, not having the
administrative agencies would mean that Congress may or may not be making statutes ignorantly.
How could they possible come to a conclusion without knowing everything about the issue?
Furthermore, even if they did try to educate themselves on every different issue in need of
regulating, chaos would erupt as many issues would be neglected while Congress is too busy
educating themselves on other issues. CHAP 33: Assignment: Introduction to International Law –
Using news sources, find at least one nation in the world where other nations are officially
commenting on or objecting to what goes on within that nation's borders. Are such objections or
comments amounting to an infringement of the other nation's sovereignty? Post your response. Chap
6 Why is ignorance of the law no excuse? Why shouldn't it be an excuse, when criminal laws can be
complicated and sometimes ambiguous? Post your response. For some cases, I sure wish ignorance
of the law were actually an excuse. My car insurance would be a lot cheaper if the officer didn't give
me a ticket based on my "I wasn't aware of the speed limit" excuse. However, if such an excuse held
up in court, everyone would be able to use it to avoid liability, making the laws irrelevant. The
citizens would run the country
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Legal And Social Environment For Business Essay
PAPER NAME & CODE– DB 102(LEGAL AND SOCIAL ENVIRONMENT FOR BUSINESS
LECTURER NAME– ROSS McCUALY
SUBMITTED BY– IQBAL SINGH
STUDENT ID– 106845
ASSIGNMENT– REPORT
TOPIC– LEGISLATION AND STANDARDS IN BUSINESS OF PIZZA HUT
CREDITS– 55%/11
YEAR INTAKE– MARCH 2016 INTAKE
DUE DATE– JULY 22 2016
TABLE OF CONTENTS
Introduction– page 3
Fair trading act– page 4
Consumer guarantee act– page 4
Health and safety act– page 4–5
Treaty of Waitangi– page 5
Strategies to promote compliance– page 6
References– page7
INTRODUCTION
The purpose of this report is to understand the meaning of the fair trade act(1986),health and safety
act(updated April 2016), consumer protection act and treaty of Waitangi, and how these act
implemented in PIZZA HUT. The scope also looks at strategies to promote and incentivise
compliance. Its limitations are that some information is confidential so, assumptions can make about
the company.
FAIR TRADING ACT (1986)
Fair trade act was started for well being of consumers, so that salesmen cannot mislead consumers
by selling them unsafe goods or services. In this act a seller is:
Not allowed to sell expired products, for example medicines.
Restricted to wrong representation of goods and services
Not allowed to charge more price than MRP written on packing. For example in Pizza Hut, if
company advertise $5 pizza with double cheese but
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Legal And Regulatory Environment Of The Medical Device...
The purpose of this memo is to describe the legal and regulatory environment in the medical device
industry. The first section describes the industry while the second section describes the legal and
regulatory environment in the medical device industry, with a focus on the agencies that regulate the
industry and association that lobbies on the industry's behalf. The third section highlights the issue
whether government actors should regulate more or less within this industry. This issue is of
paramount to both industry and consumers right now because of product liability.
The medical device industry is one of the biggest industries in healthcare, driven by R & D and new
technologies. The last decade has seen an extraordinary growth in innovative and enhanced
technologies, leading to the development of life–saving products. According to the World Health
Organization, a medical device is defined as "an article, instrument, apparatus or machine that is
used in the prevention, diagnosis or treatment of illness or disease, or for detecting, measuring,
restoring, correcting or modifying the structure or function of the body for some health purpose."
Medical devices range from simple latex gloves to complex implantable pacemakers.
The US medical device industry is the global leader with sales of around $136 billion, which
represents approximately 45% of the global market, according to the US Government
Accountability Office 2014 statistics. According to Espicom's 2014 report, the
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Differences in Ethical, Legal, Regulatory Issues in B2B...
Differences in Ethical, Legal, and Regulatory Issues in Business–to–Business and Business–to–
Consumer Web Sites Like traditional brick–and–mortar establishments, business–to–business (B2B)
and business–to–consumer (B2C) Web sites face ethical, legal, and regulatory concerns. Although
both B2B and B2C sites share similarities in web–based jurisdictional issues and general ethical
considerations, each site has its own specific concerns due to the end–user relationship of the
consumer versus business (Schneider, 2004). Whether the end–user is a business or consumer, there
is usually a transaction or sale of a particular product or service. Since the Internet launches online
business into the global marketplace, businesses should be ... Show more content on Helpwriting.net
...
The B2B environment might have concerns such as non–disclosure agreements with vendors,
electronic copyright issues, and vendor agreements. Since the business might have a vendor in
another country, it would also be important for the business to be cognizant of international business
laws. Both businesses involved in the B2B relationship might also want to ensure that business
contract language establishes which laws will govern any issues concerning jurisdiction in case of
litigation. Schneider (2004) also notes that international business confuses the tax laws for many
organizations conducting business on the Web (p. 316). Unlike the B2B relationship, B2C e–tailers
would not likely have concern regarding contracts as consumers purchase product directly from a
business. Many business Web sites contain information for consumers to peruse such as privacy
policy information, a disclaimer, or terms and conditions for using the site. Privacy also falls under
legal issues for the B2C relationship and, "some countries are far more restrictive than others in
terms of what type of information collection is acceptable and legal" (Schneider, 2004, p. 316).
Consumers enter credit card and other personal information through electronic retail sites, so it is
essential for the site to be secure. Other legal issues that might arise in the B2C relationship include
misrepresentation of company products or services. Regulatory
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Cvs Caremark : Legal Environment Of Business
Conner Godwin
Professor Foster
Legal Environment of Business
April 20, 2015
CVS Caremark CVS Caremark is a pharmaceutical company that is considered one of the largest
suppliers of both over–the–counter and prescription medicine in the world. They've been named best
in their industry over the past few years by Forbes magazine and continue to own one of the highest
revenue marks in the country in the healthcare industry. On top of all these accolades that they have
been receiving in recent years, the company is still growing at an exponential rate. On New Year's
Day in 2011, the closing stock price for CVS was $33.31. As of April 19th, 2015, the closing price
according to the NYSE was at an astounding $100.39. That is over a 200% growth in ... Show more
content on Helpwriting.net ...
Throughout the next 20 years, CVS began buying out and taking over other discount clothing chain
stores such as Marshall's while beginning to expand their own pharmacies in store. Then in 1990,
the big turning point that pushed them in to the pharmacy industry occurred when they acquired
Peoples Drug Stores, and 490–store chain that CVS immediately incorporated in to their
corporation. Throughout the 1990's, they began to sell their clothing companies and focus more on
being a drug and convenience store. Today, CVS still trails Walgreens in total revenue, but it is the
leading corporation in number of stores and prescriptions filled throughout the pharmaceutical
industry. As of the end of 2013, CVS owned and operated over 7800 stores, across 46 states in the
U.S, while employing over 200,000 people. They have just fewer than 500 more stores than their
largest competitor, Walgreens. CVS began taking over the industry in the early 2000's by performing
business that would probably be considered to be common sense by some people, literally taking
over their competition. In the last 15 years, CVS has bought out Eckerd, Osco, Sav–On, and most
recently Long's, and began to operate their stores under the CVS Caremark brand. They have
expanded at an outrageous pace and have flown by Walgreens in the amount of stores they operate,
and if this pace were to keep up, soon enough they would most likely pass Walgreens in
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The Legal Environment of Business
Assume that you are the supervisor of an employee who has been accused of sexually harassing a
fellow co–worker. What steps would you take to handle the situation? What are the potential legal
issues of which you must be cognizant? How would you help your company avoid a potential
charge of discrimination (by the employee bringing the internal charge) and/or retaliation (by the
individual charged with the alleged violation)? Harassment of any kind can be down right nasty. The
role of a supervisor is twofold. They must protect the well being of the company they represent as
well as keep their employees informed and safe. It takes special innate and learned character traits to
be an effective supervisor. One important trait I suppose ... Show more content on Helpwriting.net ...
(391, Beatty) The first thing Ashley did was talk to both Jamie and Miles separately and they gave
written statements to their perception of what happened. She was conscience not to take sides or
express favor of one side over the other. During this process, she had each of them bring someone
out side of the company with them for personal support as well as to be a witness to Ashley's none
biases position. Both Jamie and Miles were instructed to keep the situation confidential and to not
discuss any parts of the accusations at work or to anyone in affiliation with the company whether
during company hours or not. After a month long internal investigation, Miles was offered a lower
paying position in another department. He refused and threatened to sue. He didn't stand a chance at
winning because evidence had proven that he had indeed been sexually harassing Jamie as well as
other female and homosexual employees. Ashley really could have fired him but instead she offered
him a position that he more than likely would refuse. He voluntarily ended his employment as
predicted. The way Ashley chose to handle this situation save the company from a law suit from
either Jamie or Miles. She also saved the company from having to pay unemployment because Miles
quite voluntarily.
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Ethical And Legal Environment Of Organizations
Executive Compensation
Cristy Lawler
Bethel University
Dr. Dorothy Black
MOD 450: Ethical & Legal Environment of Organizations
January 9, 2017 Abstract For years CEO's have been making larger salaries in compression to the
employees that work for the company. How the salaries are decided can be one of two ways. Either
by how much money the company brings and gives to the shareholders or by how well the CEO
runs the company. The question becomes which was is not only morally but also ethically right.
CEO's will do whatever is necessary to make more to please the shareholders and give the
shareholders fast money quickly? By doing this the CEO's or executives may use morally and
unethical practices. If the CEO's put in the hard work ... Show more content on Helpwriting.net ...
A positive workplace for not only workers but also the shareholders can be traced back to the top
executives within the companies. Everyone is in a win–win situation (Edmans, 2016).
Influencing Factors When the issue of the executive leaders getting based on how much money they
can make the shareholders, the problems becomes how they make the money. The CEO's may be to
do things that are unethical and wrong in an effort to make more money. Things like insider trading,
stealing from the employee 's pensions plans and becoming involved in Ponzi schemes all the sake
of making more money for the shareholders because the end results become the CEOs will, in turn,
make more money. In the case of basing the salary on how well the executives actually perform in
the leadership roles within the company, it is fair to say the better the job performance the better the
pay. The thinking behind this process is simple. The better the executives perform each quarter or
yearly the higher the raise or bonus is, which leads to more money for the shareholders. This plan
can be used as a tool to help ensure long–term success for the company and for the shareholders
(Schneider, 2013).
Potential Solutions The shareholder based salaries and the job performance series can both be
successful in the executive compensation plan. The shareholder based plan needs to keep in mind
that for every dollar that
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The Legal Environment That Is Not Just Come For Those With...
Opportunity does not just come for those with good intention. It is for this reason that an
organization must have a legal environment that is more than just "adequate". The legal environment
must positively support the confidentiality, integrity, and availability of information and information
systems. Policies, regulations, and laws must be updated consistently to maximize their
effectiveness. One must also understand the differences between policies, regulations, and laws.
Policies are "sets of rules defining who is authorized to access what and under which conditions, and
the criteria under which such authorization is given or cancelled" (BusinessDictionary.com, 2015).
Regulations are the specific rules that state what legislation needs to be carried out. Laws are the
binding rules of conduct that are intended to "enforce justice and prescribe duty or obligation"
(BusinessDictionary.com, 2015).
The goal of the policies are to provide a clear understanding of the regulations and laws that are
required to be followed in order to ensure proper organizational security. "Policies define what at a
high level the organization needs to accomplish and serves as management's intentions to control the
operation of the organization to meet business objectives" (Fitzgerald, 2012). It is for this reason
that the policies are written professionally.
These policies must be written in such a way that employees understand what is being asked of
them, and to prevent confusion. The
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Contract: The Legal Environment of Business and Online...
Seeing as we take part in many different forms of contracts on a daily basis, they are a big part of
our lives; whether it is clicking the "I Accept" button on some software we just downloaded, or
signing a 10+ page lease agreement. We make many promises and commitments and it is important
to know about the promises we are making on a daily basis. Last year I moved into my first
apartment. I had never lived anywhere but with my parents and I was moving in with a friend of
mine. We took our time choosing the right apartment and trying to find a good deal, an ideal nice
apartment, but not too expensive. My question is: how many people take the time to read every page
and every word of a contract before they sign it? I tried, but after ... Show more content on
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The parties bound by this contract are myself, my roommate (Ruth), and the apartment owner. Ruth
and I are the offerees and the apartment owner is the offeror, and we accepted their contract with no
changes. This contract is a bilateral contract that was accepted by promises from all the parties
involved. Both parties had capacity while signing the contract, they were all over 18, of sound mind
and their hands were not forced. "Consideration in the law of contracts is something of value given
by one party in return for the promises of the other party to the contract." (Us Legal). It is also an
express contract where the terms are stated in written form, and signed by all involved parties. This
contract is a currently valid contract; however, it is soon to be an executed contract. The statute of
frauds requires that certain contracts be in writing and leases that last for more than a year fall under
that requirement. The statute of frauds is there to help protect against false claims, having a contract
in writing does not guarantee there is not going to be some sort of problem however it can help you
solve those problems easier and less messily.
There are many steps one should take prior to signing something as legally binding as a lease
contract. Some of those steps consist of research, such as researching the place or item you are
looking at renting, and researching the lease they are having you sign and the terms you are
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Ethics and Legal Environment of Business Essay
HOOPER V. YODER September 9, 2015 The purpose of this paper is to analyze and evaluate a civil
court case between Steven J. Hooper v. David Yoder and the role ethical principles played in the
case. I would like to address these important points in this paper: * Define common law * Summary
of the facts that brought the parties into the courtroom * State the holding of the court * The legal
rights and responsibilities of the plaintiff and defendant * The role of ethical theories including Kant
and Nozick's in this case * Propose specific, common sense business practices that may have
resolved the conflict Let's begin with a definition of common law which is applied to all
corporations. "Common law is made and ... Show more content on Helpwriting.net ...
Therefore, Market West accepted the corporation stock as partial debt. Hooper and Yoder agreed to
add Brian Bradley who worked for Market West as the third director. Hooper colluded with Bradley
and violated a fiduciary duty to Yoder by issuing 95 shares of stock to himself, 5 shares to Bradley,
and none to Yoder. Furthermore, Hooper got paid $141,000 salary from the business without Yoder
knowing. More importantly, Hooper and Bradly voted to force Yoder to leave the corporation. After
Yoder found out that Hooper broke their agreement, violated Yoder's rights and duties, acted
dishonestly, and made unethical decisions, Yoder sued Hooper and Beautiful Daydreams in the
District Court. Under the common law, with these facts, the court supported Yoder and ordered
Hooper to give back one–half of the salary plus one–half of the shares of stock to Yoder. Let's begin
the analysis with the parties' rights and responsibilities. Since both Hooper and Yoder were on the
board of directors, their rights and responsibilities included: * Right to work, to develop, and to
advertise their dairy products * Right to earn and receive profits of the business * Right to receive
shares of stock and salary if any * Right to authorize and make business decisions * Right to appoint
new directors or officers as needed * Right to have honest and clear communications from other
board of directors * Responsibility to perform their work duties *
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Legal Environment of Business
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BАBS
Legal environment of business
Home Assignment
Seminar leader: Margit Racz
Student name: Nurlаn S. Kurmаlаyеv
Contents
1. Introduction..........................................................................3 2. The constitutional order of
Hungary..............................................3 1. Legislation................................................................... 3 2.
Execution tasks................................................................................3 3. Judicial
power................................................................4 3. The constitutional order of the
EU................................................4 1. Legislation....................................................................4 2.
Execution tasks...............................................................5 3. Judicial
power................................................................5 4. Conclusions (similarities + ... Show more content
on Helpwriting.net ...
Court system in the Republic of the Hungary divides into two: 1. Ordinary courts, 2. Special courts.
The ordinary courts are organized on four levels: the Judgment Boards, the Court of the Capital and
the county courts, the Supreme Court of the Republic of Hungary and the last but not the least is
local courts.
The constitutional order of European Union
Legislation
There are two bodies responsible for the legislative tasks in the EU. First one is The Council of the
European Union (officially the Council and commonly referred to as the Council of Ministers) is the
principal decision–making institution of the European Union. The Council is composed of twenty–
seven national ministers. The primary purpose of the Council is to act as one of the two chambers of
the EU 's legislative branch. The Council is the main law–making body of the EU (on the initiative
of the Commission and in co–decision with the European Parliament). The Council is based in
Brussels, but meets at fixed intervals in Luxembourg. Second body responsible for legislative task is
European Parliament. The European Parliament is the directly elected parliamentary institution of
the European Union. Its essential function is to express the will of the Union's citizen in the
Community decision–making process hand–in–hand with the Council, representing the interests of
the Member States. Together with the Council of the European Union, it forms the bicameral
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Business Legal Environment
Legal & Political Environment According to Carroll, the legal system has been and continues to be
one of the most powerful forces defining what is ethical and what is not for manager and employees
(2013, p. 207). The legal system does not encompass all the ethics of behavior and standards, but
only address what society believes is right, wrong and fair in the business world. Over the past few
decades, more businesses have been threatened with lawsuits due to its decision making. This makes
stakeholders and top management more careful about their decision making process (207).
Businesses have a legal obligation to society by following the standards in which the business is
expected to operate (Carroll & Buchholtz, 2013, p. 32). Businesses must ... Show more content on
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PAC is defined as committees organized to raise and spend money for political candidates, ballot
initiatives, and proposed legislation (Carroll & Buchholtz, 2012, p. 366). The author explains that
most PAC has a political point of view, either conservative or liberal. For this reason, most
conservatives are pro–business. Witko implies that business power has a conservative influence on
policy. The business is motivated by profit; and therefore they are more concern with policies that
will influence the bottom line (2005). In retrospect, political actions do impact business practices.
States that have strongly regulated labor and environmental practices are more likely to regulate
other business activities and therefore, businesses attempt to support and contribute to public
officials to lead to more favorable legislation
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Legal and Ethics in Business Environment
Legal and Ethics in Business Environment Name: Institution: Legal and Ethics in Business
Environment Introduction After working as an employee for Coca Cola Company for a period of 20
years, I accrued enough capital to establish my own company. The investment sector presents many
challenges when one invests on a global scale. The main challenge comes when the country you
invest in suffers from political instability. It usually happens on unlikely basis that the investor does
not anticipate. However, in the field of business, taking risks begets success. I decided to invest in
foods and beverage industry on a global scale, which brings the focus of the main focus of this
paper. My company Thellesi is an international company with ... Show more content on
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It grants the investor with best of treatment and fairness, protects him from expropriation, up to date
security and protection. In this treaty, there is strict observation, promotion not forgetting liberation
of contractor's investment (Cheeseman, 2010). The law favors the investor. The law in my own
understanding will for sure put the safety of all the investors all–round the world (Murphy, 2009).
The investor whose rights have been violated would be in a position to recourse to an international
arbitrator which would often settle the case rather than having it done in the host country. The law
would ensure fair and just conviction. I find this law most appropriate to my scenario. It will ensure
security of our employees, protect them from the current skirmishes and terrorism.it will make our
employees feel safe and welcome despite its situation hence motivates them leading to the
company's growth. When any one of our members will fall culprit to any of the above mentioned
situation, that would ensure settling the case in a different state where justice would prevail in
accordance to the stipulated law. Another law common and most appropriate in our case is the
International investment Agreement. The law is closely related to the bilateral investment laws.
However, it is inclined towards policies related to taxation. In this treaty, the
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Bus 670: Legal Environment
Summary Paper David Murphy BUS 670: Legal Environment Professor Michael Schindler July 2,
2012 Summary Paper Sexual harassment is always a legal topic in the work environment because
the ramifications are so severe, but at the same time very abstract to describe what can constitute
sexual harassment. This paper will take into consideration different elements of the law including
Employment Law and cases tried before the U.S. Supreme Court. It will also offer suggestions for
corrective action pertaining to the issue of sexual harassment in the workplace. In corporate
America, sexual harassment is a huge concern amongst many organizations. The matter of sexual
harassment is an issue that needs to be immediately attended to in ... Show more content on
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Steve likes to handle all HR issues as he calls, "in house". Steve wants the managers to run an
incident by him before going to HR because he feels that he can handle the issues and that only if
the cause was serious enough and if he was not present then we could go to Human Resources,
otherwise we were to seek his approval or direction first. The second incident that involved Bob was
in November 2011, when he approached another female employee on the team and grabbed her
from behind and hugged her. Although he was not being overly aggressive and had a smile on his
face, the female employee named Helen was caught off guard and felt violated and asked Bob not to
touch her again because it made her feel uncomfortable. Bob laughed it off and said "Gezz girl
relax! You know it's not like that" and pointed at his wedding ring and walk away. Helen approached
me and told me what happened. I immediately pulled Bob into a conference room and told him very
sternly that it was inappropriate to hug and/or touch another employee in the workplace especially if
it is unwelcomed because it could be viewed as sexual harassment. He said he understood and
apologized for his behavior. At this time, I felt that this particular incident did not need to be
reported to Human Resources since I felt I had a pretty good handle of the situation. I, however did
document the incident in his employee
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Government Policy : A Business Friendly Legal Environment...
Government Policy. NZ has a very business–friendly legal environment. The government aims to
maintain budget surpluses into the future. Government policies have NZ in a relatively strong fiscal
position and aim to reduce national debt to 20% of GDP by the early 2020s. Also, government has
put legislation in place to keep debt at sensible levels. Small businesses are predominant in NZ and
significantly for SkillPower, the current government focus is to help small businesses progress to
boost the economy and create jobs. The Dominion Post on 27 October 2016 reported that in its
"Doing Business 2017" published annually by the World Bank, NZ is the best place for business,
overtaking Singapore that had been assessed top for the last 10 years.
Trade Agreements. NZ is a small country that is very dependent on international trade and has close
trading links with Australia and China in particular. Our most mature industries focus on tourism
and agricultural product exports (MFAT, n.d.). The government is very keen on obtaining free trade
agreements aimed to make trade more efficient and profitable by eliminating or reducing tariffs,
simplifying customs, removing unnecessary restrictions on items of trade, and generally making it
easier for business people to travel to other countries. Also, NZ's membership of the World Trade
Organisation (WTO) means that the country benefits from the WTO rules and can settle disputes
with trade partners. NZ has free trade agreements
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Essay on Work Environment and Legal Issues
Introduction
The growing issues with Internet usage in the workplace has become a major concern for employers.
Employers are discovering that employees are spending hours of wasted time surfing the Internet
and sending inappropriate emails. Employers classify this type of behavior as, "Internet abuse," and
breaking company's policies. While employees see this type of behavior harmless, employers see
this as potential risks to their organization. Previous researched study show employees spend hours
surfing the Internet and sending non–work related emails to co–workers, family, and friends. With
millions of employees having access to their employer's Internet, companies are seeing an increase
in Internet usage causing potential legal ... Show more content on Helpwriting.net ...
Employers believe employees are taking advantage of the Internet while at work to access
inappropriate websites such as shopping, gambling, pornographic material, and illegal downloading.
Therefore, employers are searching for ways to reduce Internet exploring and increase work
production, and remain within the state and federal guidelines (Young, 2011). To combat these
issues, monitoring technologies are put in place to make employees more productive during
company's work hours. Monitoring technologies are classified as the use of computerized system
that automatically collect, store, analyze, and report information about how an employee is
performing his/her job (Wen, Schwieger & Gershuny, 2007). This helps companies to track their
employee's Internet movements, obtain detailed information (Wen, Schwieger & Gershuny, 2007),
and protect the privacy of their company. In return, employers hope this will limit or eliminate
employees from extensive use of the Internet.
In The Los Angeles Times (2013) an article titled, "Tracking workers' every move can boost
productivity," stated how employers are using surveillance software to monitor employees every
movement. Employees are criticizing the monitoring software since it has caused harsher work
environment. Employees feel with the monitoring system, employers see them as human machines a
way to drive costs down and increase production (Semuels, 2013). Employees are finding that
monitoring technology have cost jobs
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Ethical Dilemma Between Acme And Beta, And The Legal...
Businesses do not operate in isolation; they operate within a regulatory framework. This is
illustrated by the scenario between Acme Incorporated ("Acme") and Beta Incorporated ("Beta").
Acme registered a patent on a cancer–curing drug, six months ago. Acme's president publicly
announced that they would not place the drug on the market. Beta copies and manufactures the drug,
which it then markets. They make no profit on the sale of the drug and only charge enough to cover
the manufacturing costs. Beta's actions are a clear infringement of Acme's intellectual property
rights and are therefore protected by law, however, there are ethical considerations to take into
consideration to determine which course of action is best for both companies. A compromise can be
reached between Acme and Beta through alternative dispute resolution rather than through a judicial
process.
The Legal Environment of Business
The legal environment of business provides principles, standards, and rules that regulate how
businesses should operate (Meiners, Ringleb & Edwards, 2012). In the modern business
environment, businesses need not only be cognizant of rules and regulations in the form of
legislation and common law but are also subject to "ethical, legal, social, political and international"
(Meiners et al., 2012, p.20) norms. For a business to succeed it is vital for managers to understand
the legal environment to ensure that they conduct their business affairs within the parameters of the
law,
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Legal Business Environment On The Other Hand
Amy Patel
November 12th, 2015
Professor Gosh
Legal Business Environment
On the other hand, employers have the power to defend themselves in such
claims with proper information. The EEOC(Equal Employment Opportunity
Commission) has approved a notice of proposed rulemaking for the definition of
reasonable factors other than age under the Age Discrimination in Employment Act
of 1967 (Equal Employment Opportunity Commission). The proposed rule provides
a basis for employers to defend themselves when faced with such claims. An article
about age discrimination defense states, "the ADEA gives employers a defense to
disparate impact claims: an employer can escape liability if it can prove that the
policy or practice that created ... Show more content on Helpwriting.net ...
An article by the U.S. Equal Employment Opportunity
Commission states that the proposed RFOA rule explains "a reasonable factor is one
that is objectively reasonable when viewed from the position of a reasonable
employer under like circumstances, both in its design and in the way it is
administered" (Equal Employment Opportunity Commission). The reason of
termination must be justified as a valid one as well as carried out appropriately.
In addition, the RFOA provides possible examples of factors that may be relevant to determining
termination as reasonable. If the factor of termination directly affects the employer's business, it may
be justified as reasonable with appropriate evidence to back it up. Also, it will be taken into
consideration if the employer provided further steps to address the problem accurately such as
training, guidance, instructions, etc,. This information will strengthen the employer's defense claim
because it will show that even before termination, the problem was addressed and action was taken
to help the employee prevent it from happening again. The EEOF article also stated another factor
that may be considered is, "the degree of the harm to individuals within the protected age group, in
terms of both the extent of injury and the numbers of persons adversely
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Chapter 4 Legal Environment Of Business
Legal Environment of Business 1
Chapter 1, question 4
The difference between statutory law and common law is that statutory law is a written law where
common laws are based on any prior court decisions and are legal binding. For statutory laws the
government, state, and local agencies issue written statutes and regulations which eventually
become part of statutory law, as for common law it is prior case decisions and rulings that are
followed unless a judge finds a big difference in the between the previous case and current case.
Chapter 2, question 5
The real estate development that Carolyn, Elwood, and Isabella are involved in is a failure. They
need to find someone who is familiar with the problems of real estate development in ... Show more
content on Helpwriting.net ...
Ryder starred in. This peremptory challenge should give significant cause for the juror to be
removed from the trail.
Chapter 3, question 12
Both Mr. Vise and Barnes and Nobles have rights in this case. In order to raise awareness for their
books publishers usually have a limited addition of books with authors signatures available or an
author will hold a book signing, so with opportunities like this its very questionable when an author
says that he is a purchasing a book, signing it and selling it himself is to really "raise awareness" if
there are other ways to do so. The author does however have rights to return any unsold books
according to publishing practices but Barnes and Nobles does also reserve the right to not accept the
returns if the author purchased those books as a consumer and not a wholesaler.
Chapter 4, question 5
The legal issue in this case is whether the interest of the Crafts in receiving gas was a property
interest protected by the due process clause. The applicable law that applies to the facts of this case
is the due process clause which provides a guarantee of protection against the loss of property or
rights without the chance to be heard. In the case Memphis Light, Gas and Water Division v. Craft
the Tennessee residents were right in contending that they had been denied due process of law
because their gas service was terminated due to a misunderstanding,
... Get more on HelpWriting.net ...
Legal, Ethical Issues in the Work Environment
Legal, Ethical Issues in the Work Environment: Employee Health and Safety Student's Name
Instructor's Name Course Title Date Introduction In this paper ethical issue or situation, which will
be discussed in regard to current, previous, or potential future work environment is "Employee
Health & Safety", which in present had been the essential issue of government of every nation. In
current unstable culture employers, unions, employees as well as government agencies interest in
the health along with the safety associated problems has been enhancing because of enhancing
number of the work associated injuries, illnesses along with deaths. In regard to National Safety
Council, every workday the fatality happens every 2 hours ... Show more content on Helpwriting.net
...
Concentration on both of these approaches is essential for making an organizational approach
toward safety, effective. A lot of organizational and individual issues come out in the management of
employee health and safety, which are as follows and need to be managed ethically otherwise it can
direct an organization towards various legal issues: Physical Work Settings The physical settings of
a severally affect the performance of employees as some of the factors include temperature, noise
levels, lighting, size of work area and kinds of materials used that make an effect on employees
working with these factors. It is believed that each and every organization should take care of
physical work settings in which its employees work as otherwise it can lead to number of ethical and
legal issues. Sick Building Syndrome It is a position in which employees go through acute health
troubles and uneasiness due to the time spent in its workplace. Some factors that can guide to sick
buildings admit poor air quality, inadequate ventilation, inappropriate cleanliness, stench of stuffs
and glues, etc. Ergonomics The term falls from the Greek word ergon, which intends work, and
omits stands for "management of." Ergonomics is the analyses of physiological, psychological and
... Get more on HelpWriting.net ...
Legal & Ethical Environment of Business
Legal & Ethical Environment of Business
DATE: 2/4/2013 Week 1 Assignment
PART 1:
Follow the link below, read the article and analyze the practice of "dumping" dangerous drugs
overseas. Can an American company be penalized for marketing a product deemed unsafe by the
U.S., if it is not also banned by the foreign government? This passage is mainly talk about hot
Winthrop and Crter–wallace companies "dumping" dangerous drugs overseas. From the legal point
of view. First, in the United States side, FDA officials maintain strict controls over ... Show more
content on Helpwriting.net ...
The worse is Johnson & Johnson, knowing that there is a problem with their own drug ,
knowing that has led to the death of the babies, wasn't until June 1990, a week after Britain's
Yorkshire Television broadcast an expose about the situation in Pakistan, that Johnson &
Johnson took decisive action. To those undeveloped countries, Is this their fault for lower economic?
Is this their fault for not having advanced medical technology and the only way is asking for help
from developed countries? Is this their fault that drug supervision and management are not
professional? As businessmen, they should be pursued to maximize the benefits. However, in the
pursuit of the interests at the same time, should you give up the most basic human ethics? Where is
the bottom line of ethic and moral of these companies? As businessmen, they should first be a
person. As a person, they use their products to hurt another person, as if you invented a killer and
kill others for you. Is it not a murder? The laws of a country can only control the events of their own
country. There no right to interfere in the foreign things. Shouldn't this situation be improved? Since
the laws of a country cannot be the role of these events. How about the International law? Why can't
each country to improve the problems together, to talk about the international legal modifications?
However, it useless I think. Economically
... Get more on HelpWriting.net ...
Managing Medical Ethics and Legal Requirements in a...
Level 5 Diploma in Primary Care and Health Management 4419–601 Managing Medical Ethics and
Legal Requirements in a Primary Care and Health Environment TABLE OF CONTENTS TASK |
PAGE | Task 1Managing medical ethics is a fundamental part of a Manager's role. It is the
responsibility of the Manager to understand the guiding principles of medical ethics and apply them
within the organisation | | a) Reflect on the journey of medical ethics and interpret how the
principles of the Hippocratic Oath are applied within your
organisation.................................................... | 4 | b) Examine your workplace with reference to its
compliance with the legal and ethical requirements of holding, using and accessing
data........................................................... | 6 ... Show more content on Helpwriting.net ...
It is important that the patient is aware not only of their rights, but of their individual
responsibilities. | | a) Select three of the patients' right below a. Rights to choose a GP b. Rights to
hospital treatment c. Rights to refuse treatment d. Rights to opt out of summary care
recordsExamine their meaning as applicable to the NHS Constitution or alternative national
guidelines................................................................................................................................. | 13 | b)
Evaluate measures which may be used to inform patients of their rights and responsibilities and
recommend areas for improvement within your
organisation............................................................................................................................. | 16 |
Task 4Ensuring health and safety is an important responsibility not only for the Managers but all
associated with the premises. Evaluate your organisation's health and safety policy and procedures
in line with legislative requirements and propose recommendations on how health and safety should
be managed | 17 | Task 5Ensuring compliance to employment law and regulations is essential to
meeting the challenges of employing and maintaining the employment relationship. | | a) Review the
legal/regulatory requirements in creating the employment relationship | 19 | b) Evaluate your
organisation's employment practices, procedures and policies
... Get more on HelpWriting.net ...

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D2 The Legal Environment Analysis

  • 1. D2 The Legal Environment Analysis The Legal Environment DB2 Name Course Date Tutor The Legal Environment DB2 Ethical violation examples I belong to a company which happens to be a major player in the manufacturing and retail sector. The company has had a few ethical issues as pertains to the way it treats employees and how it disposes of waste. The labor force is underpaid and waste products are disposed of in water bodies posing an environmental threat. Considering the size and clout with governmental authorities it is unlike the company will face legal issues, but the corporate social responsibility department is virtually in the toilet which does not aid the public image. There are other examples of these issues in other companies as explained in the following text. The first company is one of the largest technological corporations in the country and they handle a number of things like mobile phones, televisions, household appliances and even software. By all rights, the corporation is quite profitable in its field; however, there are ethics issues that have come up. ... Show more content on Helpwriting.net ... They conduct oil drilling in South America and Asia and process the crude oil to provide valuable petroleum by products which are not only sold in the country but on the international market. The trouble with this company is the way it disposes its waste. There were reports of dumping industrial waste on water bodies near the factories in the overseas plants as the environmental laws are not very regulated in these host nations. In both scenarios for the first and second companies, they are likely to not face legal charges even though these are clear ethical violations of their mandate in producing goods needed by the market. However, their social outlook is going to suffer quite a bit as the public is going to continue to associate the corporations with the ugly side of corporate culture which may ultimately affect their sales and client ... Get more on HelpWriting.net ...
  • 2.
  • 3. SAS Institute Inc.: Legal Environment Analysis Company Background: SAS Institute, Inc. is a software company, founded in 1976, and located in Cary, North Carolina. SAS was originally an acronym for Statistical Analysis Systems, which was the primary software offerings from the original company founders. Since then, though, the line of software products has branched far beyond the statistical analysis sphere. The company is actually one the largest privately–held corporation in North Carolina and in the software business overall, with 2011 revenues approaching $3 billion and 12,000 employees globally (SAS, 2012). SAS entered the software marketing in 1976 with a statistical analysis package that ran on IBM mainframe computers. Excel had not yet become sophisticated enough for statistical analysis, and SAS offered a windowed program environment. As computing power grew, SAS grew as well, allowing users to switch from one operating system to another, and allowed personal computers to run statistical programs typically only available on mainframes of the time. SAS Software is still the industry standard and used, for instance, in clinical pharmaceutical trials for submission to the FDA, in the insurance industry, public health, data mining, and business performance management. It remains a private company enabling the management to run the organization without shareholder demands; thus moving 25% of the annual revenue (approximately $75 million) into strict research and development. Additionally, the company is progressive ... Get more on HelpWriting.net ...
  • 4.
  • 5. Legal Environment Of Business Gtu310 Ot1 Legal Journal Assignment Jesus Cabral Legal Environment of Business GTU310–OT1 Dr. Carson August, 16,2016 Brandman University Introduction Advice from friends, a superior at work or an acquaintance for personal or legal situations or business legalities ought to be taken for its substance; little value. Lawful guidance can be given by an attorney/lawyer, and legal information can be given by friends, family or even employers but it is just as stated "information" to not be steered in any course. This paper describes circumstances when advice was given by an employer to the researcher and could have landed the researcher in financial liability. Can anyone give you and me legal advice and if so, what is legal advice? ... Show more content on Helpwriting.net ... The answer is no! Adult Americans conduct agreements in the form of contracts. The legalities prior to the agreement are typically where we get into trouble and seek advice from friends or family members. What must be fulfilled for a contract to be valid? According to (Patterson) the following is necessary: It must be based on mutual agreement by the parties to do or not to do a specific thing (2013). In the event that a friend or family member gives advice without understanding the definition of duress, and the party contracting with you claims duress, then, the contract may be void and criminal charges may be brought to you or me. Just what is duress? Let's understand the meaning of mutual contract first; The word mutual is very clear as to its insinuation on a contract, thus it must not be made under duress. The definition of duress according to (Duress, n.d.) is the restraint or danger, actually inflicted or impending, which is sufficient in severability to deprive a person of free choice (n.d). In other words, the parties must reciprocally agree without being forced into contracting by threats or bodily harm. Accordingly, why is this important to the researcher and each of you? Well, it is imperative to comprehend and be cognizant of the intents and verbiage a contract may comprise, subsequently a ... Get more on HelpWriting.net ...
  • 6.
  • 7. Different Political, Legal, And Economic Systems And... [INTERNATIONAL BUSINESS CULTURE] Part 1 Critically evaluate the different political, legal, and economic systems and technological forces in the international environment and their impact on international. Answer: – Political factors Alternately how and to what degree a legislature mediates in the economy. In particular, political components incorporate ranges, for example, charge approach, work law, ecological law, exchange limitations, levies, and political security. Political components might likewise incorporate merchandise and administrations which the administration needs to give or be given (legitimacy products) and those that the legislature would not like to be given (products and terrible). Moreover, governments have awesome impact on the wellbeing, training, and framework of a country. Economic factors Incorporate financial development, interest rates, trade rates and the expansion rate. These components have significant effects on how organizations work and decide. Case in point, interest rates influence a company 's expense of capital and in this manner to what degree a business develops and grows. Trade rates influence the expenses of sending out products and the supply and cost of imported merchandise in an economy Legal factors Incorporate segregation law, shopper law, antitrust law, occupation law, and wellbeing and security law. These elements can influence how an organization works, its expenses, and the interest for its items. Technological ... Get more on HelpWriting.net ...
  • 8.
  • 9. Political-Legal Environment: Delta Airlines Political–Legal Environment: Delta Airlines Delta Air lines is not immune to the political and legal structures that exist both domestically and globally. There are many factors that affect the political and legal structures for Delta in their domestic environment of the United States and also in the global environment of Europe. Teresa Cederholm in her article on MarketRealist.com states "The airline industry is widely impacted by regulations and restrictions related to international trade, tax policy, and competition" (2014) She goes on to elaborate further on issues that impact the airline industry such as "war, terrorism, and the outbreak of diseases" (2014). All of these issues require the government to set in and set different ... Show more content on Helpwriting.net ... Cederholm states that "After the deregulation, passengers benefited from additional routes through the hub and spoke model [and] competition also increased" (2014). With the deregulation, customers saw a price drop in airfare causing using air travel more accessible to a wider range of Americans. In a Smith and Cox article on the Airline Deregulation, they state that "Airfares, when adjusted for inflation, have fallen 25 percent since 1991, and, according to Clifford Winston and Steven Morrison of the Brooking Institution, are 22 percent lower than they would have been had regulation continued" (2008). With the increased competition and lower prices, many airline companies have opted to merge instead of competing with each other. There have been mergers between U.S. Airways and American West, Northwest and Delta, United and Continental, AirTrans and Southwest, and American with U.S. Airways. According to Cederholm, "These carriers, along with JetBlue and Alaska, account for more than 90 percent of the U.S. market share seat miles" (2014). These mergers help the major airliners, such as Delta Air lines, with reducing competition with the low cost low frills airlines. The biggest barrier for Delta Air lines is with the European Union's carbon emissions tax for all airlines traveling in and out of Europe. According to Crawley and Quinn, "under the mandate that ... Get more on HelpWriting.net ...
  • 10.
  • 11. Ethical And Legal Environment Of Organizations Hostess Brand Falls Flat Cristy Lawler Bethel University MOD 450: Ethical & Legal Environment of Organizations Dr. Dorothy Black December 29, 2016 Abstract For over 70 years Hostess had been a staple on shelves everywhere. Then in the 80's the company hit very hard financial troubles. In an effort to save the company it made hasty negotiations, took hefty loans for two major leaders, and then tried to quick fix the problem. All the while not holding up to their end of the bargains they had made with their employees and the unions.The executives were looking to only take care of themselves. This ended up being a catastrophic mistake. Within 8 years of filing bankruptcy Hostess once again filed, however, this time it was ... Show more content on Helpwriting.net ... Everyone wanted the company to run their way with no clear vision on how to keep the company running in the long run. This mismanagement falls on the heads of the executives. It was the responsibility of the head people in charge to make sure that the company was not spread too thin over many different areas. There was no need for over 370 different agreements with that many different unions. The unions and the executives should have come together and came to a collective agreement that best suits all those involved. Not to mention the alarming number of routes, when many of products were all going to the same stores in the first places. That just cost more money. The executives need to stop trying to please everyone all the time, because it is impossible to please everyone all the time, there will be times when people are going to have to compromise for the greater good of the collective whole. Kneading the mixture In order to keep the company afloat, the company made deals with a number of big–name lenders and ended up giving the unions the demands they sought for even more pay raises and newer contracts. Thinking this would help bring in the money to get the company back on its feet by restructuring. Unfortunately, it only ended up going to pay interest payments and none of it actually went to repair equipment or back into the business itself. In the five years after the initial 2004 ... Get more on HelpWriting.net ...
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  • 13. Legal Environment of Business: Business Environment for... Introduction XYZ Construction Inc. is concerned about the economic and legal factors that could affect the organization, particularly as the company transitions during these upcoming months from a private company to public ownership, or, initial public offering (IPO). XYZ must be concerned with the legal environment of our business, which is the basic set of rules, and laws that surround the atmosphere of business in general, and the industry that frames XYZ Construction Inc. This document will first describe the business environment for XYZ Construction Inc. Next, this paper will analyze the legal factors XYZ will face during this transition, and the activities our employees will need to become familiar with in order for XYZ to remain ... Show more content on Helpwriting.net ... If for some reason one of these parties does not keep the promise made by this written or verbal agreement is enforceable by a court of law. "A contract is an agreement that is enforceable by a court of law or equity. A simple and widely recognized definition of contract is provided by the Restatement (Second) of Contracts: "A contract is a promise or a set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty." (Pearson Learning Solutions, 2012, pg.854) This gives each party protection for business dealings. A contract must have the following to be enforceable by law. According to Pearson Learning Solutions, 2012: 1. Agreement. To have an enforceable contract, there must be an agreement between the parties. This requires an offer by the offeror and an acceptance of the offer by the offeree. There must be mutual assent by the parties. 2. Consideration. The promise must be supported by a bargained–for consideration that is legally sufficient. Money, personal property, real property, provision of services, and such qualify as consideration. 3. Contractual capacity. The parties to a contract must have contractual capacity for the contract to be enforceable against them. Contracts cannot be enforced against parties who lacked contractual capacity when they entered into a ... Get more on HelpWriting.net ...
  • 14.
  • 15. Legal and Social Environment of Business Ethical Dilemmas LEGAL AND SOCIAL ENVIRONMENT OF BUSINESS ETHICAL DILEMMAS Ethics is an essential component of all situations and decisions of life, whether personal or professional. Ethics defines itself as, a systemized set of generally accepted standards or moral values and also the academic study of such belief systems (Massey stream glossary). Ethics can further be divided into various categories depending on the issues and aspects of each respective case. An ethical dimension of business decision–making has been discussed in 'A Sticky Situation', which is faced by Kent Graham (Shaw, Barry, & Sansbury, 2009). In this particular case, Kent Graham faces various normative theories of ethics. The situation faced by Kent Graham is very much important ... Show more content on Helpwriting.net ... Kant aimed to ensure that his absolute moral law would avoid such contradictions. If he formulate such a rule, he maintained, everyone would be obliged to follow it without exception. Kant's ethics can be well applied for this situation of Kent Graham. Kent is in a situation where his bonds of duty to his family hold him in making a decision that will profit him personally. He is under the pressure to support his family and this thought cannot be considered wrong or as a crime. Kent took the decision to negotiate the firm's deal, which is an act that could be right or moral as it came from the cause of good will and duty. Like Rousseau and Hobbes, we at least think of the state as if it had arisen out of social contracts with people. Another ethic to put light on for this situation is the Egoism. Ethics has defined egoism as the view that equates morality with self–interest. Egoism contends that an act is morally right if and only if it best promotes an agent's long–term interest (Shaw & Barry). Moral philosophers distinguish between two kinds of egoism: personal and impersonal. Both are more overly based on the long– term interests. In this situation Kent Graham portrays a great deal of egoism, which can be further related to personal egoism. In order to retain his position in the firm and also for the welfare of his family, Kent graham goes ahead in negotiating his deal to Jack Olson at Spray–On ... Get more on HelpWriting.net ...
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  • 17. Social, Political And Legal Environment Associated With... Executive Summary: Social media such as Facebook and Twitter allow society to publicize their social lives to all. While managers in organizations are forbidden to ask personal questions of their employees regarding religious or voting preferences, if they have access to their employees Facebook or Twitter pages, they automatically have full access to all information that employees post regarding their personal lives. Will an employer's access to an employee's social media pages sway or create bias regarding hiring or promotion activities that didn't previously exist? How does the organization manage ethical and legal situations where managers and employees are posting their issues with each other on their social media pages instead of ... Show more content on Helpwriting.net ... The consequences of posting comments on a social website have opened the door to legal and ethical issues and concerns. What is social media? Social media consists of web–based internet social networks where users across the world can share information and communicate with other users in an interactive manner. Users can communicate, socialize, share emails, documents, pictures, video, audio files, events, activities, and ideas. Users can also share concerns, issues, and problems. Social media has become an important part of people's lives, thus, allowing them to communicate with a broader social network every day regardless of where they are at. Reports indicate that the number of people using social media sites several times a day has more than doubled from 2009 to 2010 from 18 to 40 million. Today, more than 66 million Americans use social media sites. There are many types of social media that are accessed while in the workplace. Some examples include: LinkedIn which is a social and professional networking site created in 2003 to provide professional people with access to networking, marketing, advertising and job search opportunities. This website has more than 70 million users globally and from more than 200 countries. They have approximately 100 million members and they add new members at a rate of roughly one million per week. Facebook is a social networking site that was created in 2004 to enable regular ... Get more on HelpWriting.net ...
  • 18.
  • 19. Mgsc30 Unit 1 Assignment 1 The Legal Environment Of Business MGSC30 / LEC01 / Summer 2015 The Legal Environment of Business I MIDTERM Instructions: This midterm has four pages and there is one long case question. You will have one hour and fifty minutes to complete the work. No additional aids are allowed or in any way required. The University of Toronto's Code of Behaviour on Academic Matters applies to all University of Toronto Scarborough students. The Code prohibits all forms of academic dishonesty including, but not limited to, cheating, plagiarism, and the use of unauthorized aids. Students violating the Code may be subject to penalties up to and including suspension or expulsion from the University. As you'll recall, when we last left CanBro Gaming they were ... Show more content on Helpwriting.net ... At the first annual general meeting of shareholders, 2 only Terry, Jon, and Glen attended. They were also the only director candidates with the required 100 shares and the three were elected to the board for a one year term. This basic method of incorporation and share issuance (at least as it relates to the two co–founders) should be familiar to anyone who reviewed Saloman at all recently. Terry and Jon selling their ownership stake in the existing business in exchange for shares in a new corporation is entirely reasonable and proper. There are 1900 shares at this time (I did the math for you) and that will become meaningful shortly. Note that this "Statement of Principles" is interesting, but not legally relevant. A for–profit corporation must still be run in a fiduciary capacity with the best interests of shareholders (i.e. make profit) foremost in mind. You can ask people to subscribe to "awesomeness" as a guiding principle, but it doesn't mean anything in legal terms. Or at least it would be a very novel suggestion if it did. Note that the three "first directors" are elected at the first annual meeting. So they go from being just directors for the incorporation process and then continue as longer–term directors. Again, entirely proper. Over the next year, CanBro Gaming Inc. evolved from a business focused mainly on fielding competitive gaming teams to one that produces online gaming–related content and commentary. They quickly found
  • 20. ... Get more on HelpWriting.net ...
  • 21.
  • 22. Business Formations : The Legal Environment Running header: Memo to Gloria Smithson 1 LAWS–310: The Legal Environment Memo to Gloria Smithson +++ Linda Plowman DeVry University Sep 21, 2014 Table of Contents Introduction 3 Business Formations Identification 3 Business Formations Definition 4 Pros and cons 5 Conclusion 7 References 8 Introduction This memo is about providing to Smithson's family a summarized and explanatory paper that will advise them regarding their will to create a business, which will be able to grow steadily and feasibly expand globally. Due to the nature of their invention, which is a revolutionary widget, this is a viable and feasible option that has to be taken seriously. Gloria ... Show more content on Helpwriting.net ... 2015, p.459): Sole proprietorship General partnership Limited partnership Limited liability partnership (LLP) Limited liability company (LLC) Corporation From the above mentioned formations and having in mind the concerns of Gloria Smithson about insulting herself and her family from personal liability, we have come up with a set of three proposed business formations: Limited partnership: Owners are distinguished as either general or limited partners. Limited partners are only liable about their contribution to the partnership involving funds, equipment and other
  • 23. property. Limited liability partnership (LLP): Owners are not liable for debts, obligations or other liabilities of the partnership which are a direct result of negligence, wrong acts or malpractice of an agent, employee or partner of this partnership (Bhattacharyya. A.K., 2011, p.5). However, a partner will still be liable for negligence, wrong acts or malpractice conducted by an agent, employee or partner who is under his / her direct supervision. Limited liability Company (LLC): Business' owners are only subject to limited liability for company's debts and actions. Owners will be only liable for their own mistakes or negligence that they may show in occasions. Business Formations Definition In this section we'll are going to give the selected business formations' definition: o Limited partnership: This type of business has two categories of partners, general and limited ... Get more on HelpWriting.net ...
  • 24.
  • 25. Legal And Regulatory Environments And Ethics 1. Title: legal and Regulatory Environments and Ethics: Essential Components of a Fraud and Forensic Accounting Curriculum Forensic accounting is defined as "the action of identifying, recording, settling, extracting, sorting, reporting, and verifying past financial data or other accounting activities for settling current or prospective legal disputes or using such past financial data for projecting future financial data to settle legal disputes". Forensic accountant are very important part of the business for the expert services, legal system such as financial statement analysis on securities and exchange tax, fraud schemes and bankruptcy. However forensic accounting is used for the investigation and prosecution of fraud. (Curtis, 2008) Said, that accounting curriculum needs to be upgraded because accounting professionals or accountants are key player in account management and financial management. Accountants are involved in accounting practices and fraudulent activities therefore there is need for forensic accounting curriculum. Curriculum plays a major role in accountant 's professional life because what they learn during their studies, they execute it as well. Therefore curriculum needs to be improving and forensic accounting curriculum must be reduced to prevent frauds. Moreover legal and regulatory environment and ethics are key and essential components of a fraud and it should be include in curriculum. (Curtis, 2008) suggested that curriculum needs to be improve ... Get more on HelpWriting.net ...
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  • 27. Data And Method, Laporta's Legal Environment Database, And... Data and Method I use five datasets: Worldscope, Capital IQ, ADR database, Laporta's legal environment database, and Hofstede's national culture indexes. In this work, I use Worldscope to obtain data on a firm's financial information and capital IQ to find the information on CEO turnover. Through this research, I found the list of cross–listed firms at the Bank of New York and Citibank's ADR directory. I have three measures for cross listing. ADR contains all cross–listing's in U.S. with the high ADR containing cross listings in the NASDAQ, NYSE. and AMEX. Capital dummy contains those ADRs where capital was raised. Canadian companies listed on U.S. exchanges are all considered High ADR. I merge my data from the Worldscope, Capital IQ, and ... Show more content on Helpwriting.net ... Size is the lagged logarithm of Total Asset in U.S. dollar. Performance is net income over total Asset, both lagged and in U.S. dollar. Power distance index (PDI), as Geert Hofstede explains, is "this dimension expresses the degree to which the less powerful members of a society accept and expect that power is distributed unequally." Power distance index dummy is equal to 1 if PDI is greater than U.S. PDI, otherwise it is zero. I expect the PDI to have a negative significant coefficient in model 1 and I expect a negative coefficient for the interaction term for countries with a higher PDI than the U.S. and a positive coefficient for the interaction term for firms from countries with lower PDI than the U.S. Long Term Orientation Index measures whether people in a country are focused on a long–time or short–term horizon. Hofstede explains, "in the business context and in our country comparison tool this dimension is related to as "(short term) normative versus (long term) pragmatic" (PRA)." The U.S. LTO dummy is equal to 1 if the LTO is greater than U.S. LTO or is equal to zero otherwise. I expect LTO to have a negative significant coefficient in model 1. In model 2, I expect a negative coefficient of the interaction term for countries with higher LTO than the U.S. and a positive coefficient of the interaction term for firms from countries with a lower LTO than the U.S. Civil/Common dummy is equal to 1 if the country's legal system is based on the civil ... Get more on HelpWriting.net ...
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  • 29. The Legal And Political Environment Description The definition of legal and political environmental base on business dictionary is government actions which affects the operations of a company or business. These actions may be on local, regional, national or international level. (BusinessDictionary.com, 2015) The legal and political environment can impact business organizations in many ways. It could add a risk factor and lead to a major loss. Company should understand that the political factors have the power to change results. It can also affect government policies at local to federal level. (PESTLE Analysis, 2015) Table 2.1: The table below shows the different business company environment in different state. Totalitarian State Democratic State Imposed authority. Restricted participation. Freedom. Rights. Companies might pay briberies to government. The business law is vague. Stable business environment. Freedom and no censorship. Higher risk compared to democratic state. Lower risk compared to totalitarian state. Adapted from Effects of politics on international business. (Slideshare.net, 2015) The table clearly shows that different type of political system will affect a company 's operation in a country. It is also important for company to be observant to the political environment. Companies should always track their political environment. Changing in the political factors can affect business strategy because of the following reasons: Reasons for political factors Diagram 2.2 (PESTLE Analysis,
  • 30. ... Get more on HelpWriting.net ...
  • 31.
  • 32. The Legal Environment That Governs Over The Contracts... It has been my pleasure as a Research Security Consultant to conduct a brief overview of the legal environment that governs over the contracts Reboot Media has previously won. This report will consist of the laws, policies and regulations that each chief information security officer (CISO) and the senior staff to Reboot Media must understand. In the contracts, which Reboot Media has previously won, will require each of the CISO to make policies in accordance to the public or private organization. Each of these policies must be written to comply with the organizations' need for accountability, confidentiality, integrity, and availability. Reboot Media has won three major contracts to support CISOs in the Washington DC area. These contracts ... Show more content on Helpwriting.net ... Health Care Providers account for any facility that provides any type of physical or mental care such as therapeutic, rehabilitative, preventive and diagnostic care as well as is paid for healthcare (Dreyzehner). Any business that receives health related information from hospitals billing services and deals with processing that information is part of the Health Care Clearinghouse entity, because they have access to sensitive information about patient's financial records that needs to be protected under HIPPA. Programs known as Medicare and Medicaid are created to facilitate patients pay for their medical cost, which causes these programs to acquire personal, medical and financial information of their patients. These programs are part of the Health Plans, and HIPPA ensures that all of the information is safe and patients continue to be provided with health insurance. Accountability Policy Each medical and research facility will have sensitive equipment and data. There are many different stakeholders who invest and depend on the accountability of the all the equipment at all times (Washington University). The CISO's will need too implement accountability over the equipment and data in each of the medical and research facilities. The following, which will need to be addressed in each of the policies, will be as follows User Access o There will be users with higher privilege access with ... Get more on HelpWriting.net ...
  • 33.
  • 34. Legal Environment of Business Simulation: Business Regulation Legal Environment of Business Simulation: Business Regulation Alumina Incorporation Alumina Incorporation is an USA–based $4 billion alumni maker. It operates in eight countries around the world with the USA counting for seventy percents of its sales. Situated in the fringes of Lake Dira in the state of Erehwon, Alumina Inc. has business interests in automotive components and manufacture of packaging materials, bauxite mining, etc. Alumina Inc. falls under the jurisdiction of region six of the EPA. There was a routine EPA evaluation inspection five years ago, and Alumina Inc. was found guilty in violation of environmental discharge norms. This was the only bad incident in company 's records. ... Show more content on Helpwriting.net ... This case can become complicated and it can shake Alumna 's competitive position in the global aluminum trade. Even more than that, the punitive damages can be very expensive for the company. The best way to respond to the issue is with AAA intervention that will help resolve this dispute through alternative in mediation. Alternative dispute resolution can help the company manage risk and resolve disputes in short period of time, with minimum expenses, and less negative publicity. CEO 's Action Regarding Bates ' Dispute As CEO of Alumina Inc., the decision to consider defending the lawsuit filed by Kelly Bates and settling the case depends on a variety of factors. The CEO has to weigh the cost and time involved in litigation, likelihood of a favorable outcome, and the negative publicity associated with the suit. Kelly Bates alleges that the dumping of polycyclic aromatic hydrocarbons (PAH) into Lake Dira by Alumina Inc. caused her daughter 's leukemia. The health of Kelly Bates ' daughter will touch the community 's heart leading to a public outcry against Alumina Inc. The publicity given to the case by the media may create a sympathetic jury pool and thus Alumina Inc. may not get a fair trial. Alumina Inc. could lose millions of dollars in legal fees, expert opinions, research costs, loss of clients because of the negative publicity, and ultimately the jury could award the Bates ' family millions in compensatory and punitive damages. ... Get more on HelpWriting.net ...
  • 35.
  • 36. Casino Legal Environment The main topics or laws that I have learned are Business Structure, Government Regulation, and Legal Environment Business. I work for a Casino, so I know we used these three topics. Business Structure is a organization framework legally recognized in a particular jurisdiction for conducting commercial activities, such as sole–proprietorship, partnership, and corporation. Most types of government regulation involve the setting up and enforcement of standards for conducting legitimate activities. My concern here is with government regulation of business or economic affairs by municipal, county, state, and Federal politicians and bureaucrats. During the past few years, the case for such regulation has been spelled out in fairly clear and general terms. I wish to examine the arguments which are based on moral considerations, since it is such arguments that matter in the defense of the authority of the state to treat its citizens in various ways. ... Show more content on Helpwriting.net ... Management involves the administration of the properties and realms which the government owns. For example, the national parks and forests are managed by government, not regulated. So is the interstate highway system. In contrast, toy manufacturing, which is an activity of private business, is regulated by government, as are the manufacture and sale of many foods and drugs, the production of cars, and the practice of law, medicine, and other occupations. The legal environment of business refers to the code of conduct that defines the legal boundaries for business activity. To understand these boundaries, it is essential to first have a basic understanding of the law and how it affects businesses and business practices. The nature of business spans over a number of legal realms, all of which are continuously influenced by the needs and demands of the business community, consumers, and the government. Each has a distinct stake and voice in this vibrant legal ... Get more on HelpWriting.net ...
  • 37.
  • 38. Bus C110 Legal Environment of Business Assignment ONE: Consider Burma (named Myanmar by its military rulers). What political rights do you have that the average Burmese citizen does not? Post your response. Having an authoritarian government, the people of Burma face intense control by the government with limited, if any, elections or choices. The people must show complete obedience to the government to avoid harsh and usually unjust consequences. While my democratic government posses strong authoritarian elements, I still have the power to vote, freedom of speech, right to a fair trial, and many other liberties and freedoms that the people of Burma lack. ASSIGNEMENT TWO: Assignment: What Is Ethics? Think of a person who did something morally wrong, at least to your ... Show more content on Helpwriting.net ... Since Congress cannot possibly be informed enough on every single issue, not having the administrative agencies would mean that Congress may or may not be making statutes ignorantly. How could they possible come to a conclusion without knowing everything about the issue? Furthermore, even if they did try to educate themselves on every different issue in need of regulating, chaos would erupt as many issues would be neglected while Congress is too busy educating themselves on other issues. CHAP 33: Assignment: Introduction to International Law – Using news sources, find at least one nation in the world where other nations are officially commenting on or objecting to what goes on within that nation's borders. Are such objections or comments amounting to an infringement of the other nation's sovereignty? Post your response. Chap 6 Why is ignorance of the law no excuse? Why shouldn't it be an excuse, when criminal laws can be complicated and sometimes ambiguous? Post your response. For some cases, I sure wish ignorance of the law were actually an excuse. My car insurance would be a lot cheaper if the officer didn't give me a ticket based on my "I wasn't aware of the speed limit" excuse. However, if such an excuse held up in court, everyone would be able to use it to avoid liability, making the laws irrelevant. The citizens would run the country ... Get more on HelpWriting.net ...
  • 39.
  • 40. Legal And Social Environment For Business Essay PAPER NAME & CODE– DB 102(LEGAL AND SOCIAL ENVIRONMENT FOR BUSINESS LECTURER NAME– ROSS McCUALY SUBMITTED BY– IQBAL SINGH STUDENT ID– 106845 ASSIGNMENT– REPORT TOPIC– LEGISLATION AND STANDARDS IN BUSINESS OF PIZZA HUT CREDITS– 55%/11 YEAR INTAKE– MARCH 2016 INTAKE DUE DATE– JULY 22 2016 TABLE OF CONTENTS Introduction– page 3 Fair trading act– page 4 Consumer guarantee act– page 4 Health and safety act– page 4–5 Treaty of Waitangi– page 5 Strategies to promote compliance– page 6 References– page7 INTRODUCTION
  • 41. The purpose of this report is to understand the meaning of the fair trade act(1986),health and safety act(updated April 2016), consumer protection act and treaty of Waitangi, and how these act implemented in PIZZA HUT. The scope also looks at strategies to promote and incentivise compliance. Its limitations are that some information is confidential so, assumptions can make about the company. FAIR TRADING ACT (1986) Fair trade act was started for well being of consumers, so that salesmen cannot mislead consumers by selling them unsafe goods or services. In this act a seller is: Not allowed to sell expired products, for example medicines. Restricted to wrong representation of goods and services Not allowed to charge more price than MRP written on packing. For example in Pizza Hut, if company advertise $5 pizza with double cheese but ... Get more on HelpWriting.net ...
  • 42.
  • 43. Legal And Regulatory Environment Of The Medical Device... The purpose of this memo is to describe the legal and regulatory environment in the medical device industry. The first section describes the industry while the second section describes the legal and regulatory environment in the medical device industry, with a focus on the agencies that regulate the industry and association that lobbies on the industry's behalf. The third section highlights the issue whether government actors should regulate more or less within this industry. This issue is of paramount to both industry and consumers right now because of product liability. The medical device industry is one of the biggest industries in healthcare, driven by R & D and new technologies. The last decade has seen an extraordinary growth in innovative and enhanced technologies, leading to the development of life–saving products. According to the World Health Organization, a medical device is defined as "an article, instrument, apparatus or machine that is used in the prevention, diagnosis or treatment of illness or disease, or for detecting, measuring, restoring, correcting or modifying the structure or function of the body for some health purpose." Medical devices range from simple latex gloves to complex implantable pacemakers. The US medical device industry is the global leader with sales of around $136 billion, which represents approximately 45% of the global market, according to the US Government Accountability Office 2014 statistics. According to Espicom's 2014 report, the ... Get more on HelpWriting.net ...
  • 44.
  • 45. Differences in Ethical, Legal, Regulatory Issues in B2B... Differences in Ethical, Legal, and Regulatory Issues in Business–to–Business and Business–to– Consumer Web Sites Like traditional brick–and–mortar establishments, business–to–business (B2B) and business–to–consumer (B2C) Web sites face ethical, legal, and regulatory concerns. Although both B2B and B2C sites share similarities in web–based jurisdictional issues and general ethical considerations, each site has its own specific concerns due to the end–user relationship of the consumer versus business (Schneider, 2004). Whether the end–user is a business or consumer, there is usually a transaction or sale of a particular product or service. Since the Internet launches online business into the global marketplace, businesses should be ... Show more content on Helpwriting.net ... The B2B environment might have concerns such as non–disclosure agreements with vendors, electronic copyright issues, and vendor agreements. Since the business might have a vendor in another country, it would also be important for the business to be cognizant of international business laws. Both businesses involved in the B2B relationship might also want to ensure that business contract language establishes which laws will govern any issues concerning jurisdiction in case of litigation. Schneider (2004) also notes that international business confuses the tax laws for many organizations conducting business on the Web (p. 316). Unlike the B2B relationship, B2C e–tailers would not likely have concern regarding contracts as consumers purchase product directly from a business. Many business Web sites contain information for consumers to peruse such as privacy policy information, a disclaimer, or terms and conditions for using the site. Privacy also falls under legal issues for the B2C relationship and, "some countries are far more restrictive than others in terms of what type of information collection is acceptable and legal" (Schneider, 2004, p. 316). Consumers enter credit card and other personal information through electronic retail sites, so it is essential for the site to be secure. Other legal issues that might arise in the B2C relationship include misrepresentation of company products or services. Regulatory ... Get more on HelpWriting.net ...
  • 46.
  • 47. Cvs Caremark : Legal Environment Of Business Conner Godwin Professor Foster Legal Environment of Business April 20, 2015 CVS Caremark CVS Caremark is a pharmaceutical company that is considered one of the largest suppliers of both over–the–counter and prescription medicine in the world. They've been named best in their industry over the past few years by Forbes magazine and continue to own one of the highest revenue marks in the country in the healthcare industry. On top of all these accolades that they have been receiving in recent years, the company is still growing at an exponential rate. On New Year's Day in 2011, the closing stock price for CVS was $33.31. As of April 19th, 2015, the closing price according to the NYSE was at an astounding $100.39. That is over a 200% growth in ... Show more content on Helpwriting.net ... Throughout the next 20 years, CVS began buying out and taking over other discount clothing chain stores such as Marshall's while beginning to expand their own pharmacies in store. Then in 1990, the big turning point that pushed them in to the pharmacy industry occurred when they acquired Peoples Drug Stores, and 490–store chain that CVS immediately incorporated in to their corporation. Throughout the 1990's, they began to sell their clothing companies and focus more on being a drug and convenience store. Today, CVS still trails Walgreens in total revenue, but it is the leading corporation in number of stores and prescriptions filled throughout the pharmaceutical industry. As of the end of 2013, CVS owned and operated over 7800 stores, across 46 states in the U.S, while employing over 200,000 people. They have just fewer than 500 more stores than their largest competitor, Walgreens. CVS began taking over the industry in the early 2000's by performing business that would probably be considered to be common sense by some people, literally taking over their competition. In the last 15 years, CVS has bought out Eckerd, Osco, Sav–On, and most recently Long's, and began to operate their stores under the CVS Caremark brand. They have expanded at an outrageous pace and have flown by Walgreens in the amount of stores they operate, and if this pace were to keep up, soon enough they would most likely pass Walgreens in ... Get more on HelpWriting.net ...
  • 48.
  • 49. The Legal Environment of Business Assume that you are the supervisor of an employee who has been accused of sexually harassing a fellow co–worker. What steps would you take to handle the situation? What are the potential legal issues of which you must be cognizant? How would you help your company avoid a potential charge of discrimination (by the employee bringing the internal charge) and/or retaliation (by the individual charged with the alleged violation)? Harassment of any kind can be down right nasty. The role of a supervisor is twofold. They must protect the well being of the company they represent as well as keep their employees informed and safe. It takes special innate and learned character traits to be an effective supervisor. One important trait I suppose ... Show more content on Helpwriting.net ... (391, Beatty) The first thing Ashley did was talk to both Jamie and Miles separately and they gave written statements to their perception of what happened. She was conscience not to take sides or express favor of one side over the other. During this process, she had each of them bring someone out side of the company with them for personal support as well as to be a witness to Ashley's none biases position. Both Jamie and Miles were instructed to keep the situation confidential and to not discuss any parts of the accusations at work or to anyone in affiliation with the company whether during company hours or not. After a month long internal investigation, Miles was offered a lower paying position in another department. He refused and threatened to sue. He didn't stand a chance at winning because evidence had proven that he had indeed been sexually harassing Jamie as well as other female and homosexual employees. Ashley really could have fired him but instead she offered him a position that he more than likely would refuse. He voluntarily ended his employment as predicted. The way Ashley chose to handle this situation save the company from a law suit from either Jamie or Miles. She also saved the company from having to pay unemployment because Miles quite voluntarily. ... Get more on HelpWriting.net ...
  • 50.
  • 51. Ethical And Legal Environment Of Organizations Executive Compensation Cristy Lawler Bethel University Dr. Dorothy Black MOD 450: Ethical & Legal Environment of Organizations January 9, 2017 Abstract For years CEO's have been making larger salaries in compression to the employees that work for the company. How the salaries are decided can be one of two ways. Either by how much money the company brings and gives to the shareholders or by how well the CEO runs the company. The question becomes which was is not only morally but also ethically right. CEO's will do whatever is necessary to make more to please the shareholders and give the shareholders fast money quickly? By doing this the CEO's or executives may use morally and unethical practices. If the CEO's put in the hard work ... Show more content on Helpwriting.net ... A positive workplace for not only workers but also the shareholders can be traced back to the top executives within the companies. Everyone is in a win–win situation (Edmans, 2016). Influencing Factors When the issue of the executive leaders getting based on how much money they can make the shareholders, the problems becomes how they make the money. The CEO's may be to do things that are unethical and wrong in an effort to make more money. Things like insider trading, stealing from the employee 's pensions plans and becoming involved in Ponzi schemes all the sake of making more money for the shareholders because the end results become the CEOs will, in turn, make more money. In the case of basing the salary on how well the executives actually perform in the leadership roles within the company, it is fair to say the better the job performance the better the pay. The thinking behind this process is simple. The better the executives perform each quarter or yearly the higher the raise or bonus is, which leads to more money for the shareholders. This plan can be used as a tool to help ensure long–term success for the company and for the shareholders (Schneider, 2013). Potential Solutions The shareholder based salaries and the job performance series can both be successful in the executive compensation plan. The shareholder based plan needs to keep in mind that for every dollar that ... Get more on HelpWriting.net ...
  • 52.
  • 53. The Legal Environment That Is Not Just Come For Those With... Opportunity does not just come for those with good intention. It is for this reason that an organization must have a legal environment that is more than just "adequate". The legal environment must positively support the confidentiality, integrity, and availability of information and information systems. Policies, regulations, and laws must be updated consistently to maximize their effectiveness. One must also understand the differences between policies, regulations, and laws. Policies are "sets of rules defining who is authorized to access what and under which conditions, and the criteria under which such authorization is given or cancelled" (BusinessDictionary.com, 2015). Regulations are the specific rules that state what legislation needs to be carried out. Laws are the binding rules of conduct that are intended to "enforce justice and prescribe duty or obligation" (BusinessDictionary.com, 2015). The goal of the policies are to provide a clear understanding of the regulations and laws that are required to be followed in order to ensure proper organizational security. "Policies define what at a high level the organization needs to accomplish and serves as management's intentions to control the operation of the organization to meet business objectives" (Fitzgerald, 2012). It is for this reason that the policies are written professionally. These policies must be written in such a way that employees understand what is being asked of them, and to prevent confusion. The ... Get more on HelpWriting.net ...
  • 54.
  • 55. Contract: The Legal Environment of Business and Online... Seeing as we take part in many different forms of contracts on a daily basis, they are a big part of our lives; whether it is clicking the "I Accept" button on some software we just downloaded, or signing a 10+ page lease agreement. We make many promises and commitments and it is important to know about the promises we are making on a daily basis. Last year I moved into my first apartment. I had never lived anywhere but with my parents and I was moving in with a friend of mine. We took our time choosing the right apartment and trying to find a good deal, an ideal nice apartment, but not too expensive. My question is: how many people take the time to read every page and every word of a contract before they sign it? I tried, but after ... Show more content on Helpwriting.net ... The parties bound by this contract are myself, my roommate (Ruth), and the apartment owner. Ruth and I are the offerees and the apartment owner is the offeror, and we accepted their contract with no changes. This contract is a bilateral contract that was accepted by promises from all the parties involved. Both parties had capacity while signing the contract, they were all over 18, of sound mind and their hands were not forced. "Consideration in the law of contracts is something of value given by one party in return for the promises of the other party to the contract." (Us Legal). It is also an express contract where the terms are stated in written form, and signed by all involved parties. This contract is a currently valid contract; however, it is soon to be an executed contract. The statute of frauds requires that certain contracts be in writing and leases that last for more than a year fall under that requirement. The statute of frauds is there to help protect against false claims, having a contract in writing does not guarantee there is not going to be some sort of problem however it can help you solve those problems easier and less messily. There are many steps one should take prior to signing something as legally binding as a lease contract. Some of those steps consist of research, such as researching the place or item you are looking at renting, and researching the lease they are having you sign and the terms you are ... Get more on HelpWriting.net ...
  • 56.
  • 57. Ethics and Legal Environment of Business Essay HOOPER V. YODER September 9, 2015 The purpose of this paper is to analyze and evaluate a civil court case between Steven J. Hooper v. David Yoder and the role ethical principles played in the case. I would like to address these important points in this paper: * Define common law * Summary of the facts that brought the parties into the courtroom * State the holding of the court * The legal rights and responsibilities of the plaintiff and defendant * The role of ethical theories including Kant and Nozick's in this case * Propose specific, common sense business practices that may have resolved the conflict Let's begin with a definition of common law which is applied to all corporations. "Common law is made and ... Show more content on Helpwriting.net ... Therefore, Market West accepted the corporation stock as partial debt. Hooper and Yoder agreed to add Brian Bradley who worked for Market West as the third director. Hooper colluded with Bradley and violated a fiduciary duty to Yoder by issuing 95 shares of stock to himself, 5 shares to Bradley, and none to Yoder. Furthermore, Hooper got paid $141,000 salary from the business without Yoder knowing. More importantly, Hooper and Bradly voted to force Yoder to leave the corporation. After Yoder found out that Hooper broke their agreement, violated Yoder's rights and duties, acted dishonestly, and made unethical decisions, Yoder sued Hooper and Beautiful Daydreams in the District Court. Under the common law, with these facts, the court supported Yoder and ordered Hooper to give back one–half of the salary plus one–half of the shares of stock to Yoder. Let's begin the analysis with the parties' rights and responsibilities. Since both Hooper and Yoder were on the board of directors, their rights and responsibilities included: * Right to work, to develop, and to advertise their dairy products * Right to earn and receive profits of the business * Right to receive shares of stock and salary if any * Right to authorize and make business decisions * Right to appoint new directors or officers as needed * Right to have honest and clear communications from other board of directors * Responsibility to perform their work duties * ... Get more on HelpWriting.net ...
  • 58.
  • 59. Legal Environment of Business [pic] BАBS Legal environment of business Home Assignment Seminar leader: Margit Racz Student name: Nurlаn S. Kurmаlаyеv Contents 1. Introduction..........................................................................3 2. The constitutional order of Hungary..............................................3 1. Legislation................................................................... 3 2. Execution tasks................................................................................3 3. Judicial power................................................................4 3. The constitutional order of the EU................................................4 1. Legislation....................................................................4 2. Execution tasks...............................................................5 3. Judicial power................................................................5 4. Conclusions (similarities + ... Show more content on Helpwriting.net ... Court system in the Republic of the Hungary divides into two: 1. Ordinary courts, 2. Special courts. The ordinary courts are organized on four levels: the Judgment Boards, the Court of the Capital and the county courts, the Supreme Court of the Republic of Hungary and the last but not the least is local courts. The constitutional order of European Union Legislation There are two bodies responsible for the legislative tasks in the EU. First one is The Council of the European Union (officially the Council and commonly referred to as the Council of Ministers) is the principal decision–making institution of the European Union. The Council is composed of twenty– seven national ministers. The primary purpose of the Council is to act as one of the two chambers of the EU 's legislative branch. The Council is the main law–making body of the EU (on the initiative
  • 60. of the Commission and in co–decision with the European Parliament). The Council is based in Brussels, but meets at fixed intervals in Luxembourg. Second body responsible for legislative task is European Parliament. The European Parliament is the directly elected parliamentary institution of the European Union. Its essential function is to express the will of the Union's citizen in the Community decision–making process hand–in–hand with the Council, representing the interests of the Member States. Together with the Council of the European Union, it forms the bicameral ... Get more on HelpWriting.net ...
  • 61.
  • 62. Business Legal Environment Legal & Political Environment According to Carroll, the legal system has been and continues to be one of the most powerful forces defining what is ethical and what is not for manager and employees (2013, p. 207). The legal system does not encompass all the ethics of behavior and standards, but only address what society believes is right, wrong and fair in the business world. Over the past few decades, more businesses have been threatened with lawsuits due to its decision making. This makes stakeholders and top management more careful about their decision making process (207). Businesses have a legal obligation to society by following the standards in which the business is expected to operate (Carroll & Buchholtz, 2013, p. 32). Businesses must ... Show more content on Helpwriting.net ... PAC is defined as committees organized to raise and spend money for political candidates, ballot initiatives, and proposed legislation (Carroll & Buchholtz, 2012, p. 366). The author explains that most PAC has a political point of view, either conservative or liberal. For this reason, most conservatives are pro–business. Witko implies that business power has a conservative influence on policy. The business is motivated by profit; and therefore they are more concern with policies that will influence the bottom line (2005). In retrospect, political actions do impact business practices. States that have strongly regulated labor and environmental practices are more likely to regulate other business activities and therefore, businesses attempt to support and contribute to public officials to lead to more favorable legislation ... Get more on HelpWriting.net ...
  • 63.
  • 64. Legal and Ethics in Business Environment Legal and Ethics in Business Environment Name: Institution: Legal and Ethics in Business Environment Introduction After working as an employee for Coca Cola Company for a period of 20 years, I accrued enough capital to establish my own company. The investment sector presents many challenges when one invests on a global scale. The main challenge comes when the country you invest in suffers from political instability. It usually happens on unlikely basis that the investor does not anticipate. However, in the field of business, taking risks begets success. I decided to invest in foods and beverage industry on a global scale, which brings the focus of the main focus of this paper. My company Thellesi is an international company with ... Show more content on Helpwriting.net ... It grants the investor with best of treatment and fairness, protects him from expropriation, up to date security and protection. In this treaty, there is strict observation, promotion not forgetting liberation of contractor's investment (Cheeseman, 2010). The law favors the investor. The law in my own understanding will for sure put the safety of all the investors all–round the world (Murphy, 2009). The investor whose rights have been violated would be in a position to recourse to an international arbitrator which would often settle the case rather than having it done in the host country. The law would ensure fair and just conviction. I find this law most appropriate to my scenario. It will ensure security of our employees, protect them from the current skirmishes and terrorism.it will make our employees feel safe and welcome despite its situation hence motivates them leading to the company's growth. When any one of our members will fall culprit to any of the above mentioned situation, that would ensure settling the case in a different state where justice would prevail in accordance to the stipulated law. Another law common and most appropriate in our case is the International investment Agreement. The law is closely related to the bilateral investment laws. However, it is inclined towards policies related to taxation. In this treaty, the ... Get more on HelpWriting.net ...
  • 65.
  • 66. Bus 670: Legal Environment Summary Paper David Murphy BUS 670: Legal Environment Professor Michael Schindler July 2, 2012 Summary Paper Sexual harassment is always a legal topic in the work environment because the ramifications are so severe, but at the same time very abstract to describe what can constitute sexual harassment. This paper will take into consideration different elements of the law including Employment Law and cases tried before the U.S. Supreme Court. It will also offer suggestions for corrective action pertaining to the issue of sexual harassment in the workplace. In corporate America, sexual harassment is a huge concern amongst many organizations. The matter of sexual harassment is an issue that needs to be immediately attended to in ... Show more content on Helpwriting.net ... Steve likes to handle all HR issues as he calls, "in house". Steve wants the managers to run an incident by him before going to HR because he feels that he can handle the issues and that only if the cause was serious enough and if he was not present then we could go to Human Resources, otherwise we were to seek his approval or direction first. The second incident that involved Bob was in November 2011, when he approached another female employee on the team and grabbed her from behind and hugged her. Although he was not being overly aggressive and had a smile on his face, the female employee named Helen was caught off guard and felt violated and asked Bob not to touch her again because it made her feel uncomfortable. Bob laughed it off and said "Gezz girl relax! You know it's not like that" and pointed at his wedding ring and walk away. Helen approached me and told me what happened. I immediately pulled Bob into a conference room and told him very sternly that it was inappropriate to hug and/or touch another employee in the workplace especially if it is unwelcomed because it could be viewed as sexual harassment. He said he understood and apologized for his behavior. At this time, I felt that this particular incident did not need to be reported to Human Resources since I felt I had a pretty good handle of the situation. I, however did document the incident in his employee ... Get more on HelpWriting.net ...
  • 67.
  • 68. Government Policy : A Business Friendly Legal Environment... Government Policy. NZ has a very business–friendly legal environment. The government aims to maintain budget surpluses into the future. Government policies have NZ in a relatively strong fiscal position and aim to reduce national debt to 20% of GDP by the early 2020s. Also, government has put legislation in place to keep debt at sensible levels. Small businesses are predominant in NZ and significantly for SkillPower, the current government focus is to help small businesses progress to boost the economy and create jobs. The Dominion Post on 27 October 2016 reported that in its "Doing Business 2017" published annually by the World Bank, NZ is the best place for business, overtaking Singapore that had been assessed top for the last 10 years. Trade Agreements. NZ is a small country that is very dependent on international trade and has close trading links with Australia and China in particular. Our most mature industries focus on tourism and agricultural product exports (MFAT, n.d.). The government is very keen on obtaining free trade agreements aimed to make trade more efficient and profitable by eliminating or reducing tariffs, simplifying customs, removing unnecessary restrictions on items of trade, and generally making it easier for business people to travel to other countries. Also, NZ's membership of the World Trade Organisation (WTO) means that the country benefits from the WTO rules and can settle disputes with trade partners. NZ has free trade agreements ... Get more on HelpWriting.net ...
  • 69.
  • 70. Essay on Work Environment and Legal Issues Introduction The growing issues with Internet usage in the workplace has become a major concern for employers. Employers are discovering that employees are spending hours of wasted time surfing the Internet and sending inappropriate emails. Employers classify this type of behavior as, "Internet abuse," and breaking company's policies. While employees see this type of behavior harmless, employers see this as potential risks to their organization. Previous researched study show employees spend hours surfing the Internet and sending non–work related emails to co–workers, family, and friends. With millions of employees having access to their employer's Internet, companies are seeing an increase in Internet usage causing potential legal ... Show more content on Helpwriting.net ... Employers believe employees are taking advantage of the Internet while at work to access inappropriate websites such as shopping, gambling, pornographic material, and illegal downloading. Therefore, employers are searching for ways to reduce Internet exploring and increase work production, and remain within the state and federal guidelines (Young, 2011). To combat these issues, monitoring technologies are put in place to make employees more productive during company's work hours. Monitoring technologies are classified as the use of computerized system that automatically collect, store, analyze, and report information about how an employee is performing his/her job (Wen, Schwieger & Gershuny, 2007). This helps companies to track their employee's Internet movements, obtain detailed information (Wen, Schwieger & Gershuny, 2007), and protect the privacy of their company. In return, employers hope this will limit or eliminate employees from extensive use of the Internet. In The Los Angeles Times (2013) an article titled, "Tracking workers' every move can boost productivity," stated how employers are using surveillance software to monitor employees every movement. Employees are criticizing the monitoring software since it has caused harsher work environment. Employees feel with the monitoring system, employers see them as human machines a way to drive costs down and increase production (Semuels, 2013). Employees are finding that monitoring technology have cost jobs ... Get more on HelpWriting.net ...
  • 71.
  • 72. Ethical Dilemma Between Acme And Beta, And The Legal... Businesses do not operate in isolation; they operate within a regulatory framework. This is illustrated by the scenario between Acme Incorporated ("Acme") and Beta Incorporated ("Beta"). Acme registered a patent on a cancer–curing drug, six months ago. Acme's president publicly announced that they would not place the drug on the market. Beta copies and manufactures the drug, which it then markets. They make no profit on the sale of the drug and only charge enough to cover the manufacturing costs. Beta's actions are a clear infringement of Acme's intellectual property rights and are therefore protected by law, however, there are ethical considerations to take into consideration to determine which course of action is best for both companies. A compromise can be reached between Acme and Beta through alternative dispute resolution rather than through a judicial process. The Legal Environment of Business The legal environment of business provides principles, standards, and rules that regulate how businesses should operate (Meiners, Ringleb & Edwards, 2012). In the modern business environment, businesses need not only be cognizant of rules and regulations in the form of legislation and common law but are also subject to "ethical, legal, social, political and international" (Meiners et al., 2012, p.20) norms. For a business to succeed it is vital for managers to understand the legal environment to ensure that they conduct their business affairs within the parameters of the law, ... Get more on HelpWriting.net ...
  • 73.
  • 74. Legal Business Environment On The Other Hand Amy Patel November 12th, 2015 Professor Gosh Legal Business Environment On the other hand, employers have the power to defend themselves in such claims with proper information. The EEOC(Equal Employment Opportunity Commission) has approved a notice of proposed rulemaking for the definition of reasonable factors other than age under the Age Discrimination in Employment Act of 1967 (Equal Employment Opportunity Commission). The proposed rule provides a basis for employers to defend themselves when faced with such claims. An article about age discrimination defense states, "the ADEA gives employers a defense to disparate impact claims: an employer can escape liability if it can prove that the policy or practice that created ... Show more content on Helpwriting.net ... An article by the U.S. Equal Employment Opportunity Commission states that the proposed RFOA rule explains "a reasonable factor is one that is objectively reasonable when viewed from the position of a reasonable employer under like circumstances, both in its design and in the way it is administered" (Equal Employment Opportunity Commission). The reason of termination must be justified as a valid one as well as carried out appropriately. In addition, the RFOA provides possible examples of factors that may be relevant to determining termination as reasonable. If the factor of termination directly affects the employer's business, it may
  • 75. be justified as reasonable with appropriate evidence to back it up. Also, it will be taken into consideration if the employer provided further steps to address the problem accurately such as training, guidance, instructions, etc,. This information will strengthen the employer's defense claim because it will show that even before termination, the problem was addressed and action was taken to help the employee prevent it from happening again. The EEOF article also stated another factor that may be considered is, "the degree of the harm to individuals within the protected age group, in terms of both the extent of injury and the numbers of persons adversely ... Get more on HelpWriting.net ...
  • 76.
  • 77. Chapter 4 Legal Environment Of Business Legal Environment of Business 1 Chapter 1, question 4 The difference between statutory law and common law is that statutory law is a written law where common laws are based on any prior court decisions and are legal binding. For statutory laws the government, state, and local agencies issue written statutes and regulations which eventually become part of statutory law, as for common law it is prior case decisions and rulings that are followed unless a judge finds a big difference in the between the previous case and current case. Chapter 2, question 5 The real estate development that Carolyn, Elwood, and Isabella are involved in is a failure. They need to find someone who is familiar with the problems of real estate development in ... Show more content on Helpwriting.net ... Ryder starred in. This peremptory challenge should give significant cause for the juror to be removed from the trail. Chapter 3, question 12 Both Mr. Vise and Barnes and Nobles have rights in this case. In order to raise awareness for their books publishers usually have a limited addition of books with authors signatures available or an author will hold a book signing, so with opportunities like this its very questionable when an author says that he is a purchasing a book, signing it and selling it himself is to really "raise awareness" if there are other ways to do so. The author does however have rights to return any unsold books according to publishing practices but Barnes and Nobles does also reserve the right to not accept the returns if the author purchased those books as a consumer and not a wholesaler. Chapter 4, question 5 The legal issue in this case is whether the interest of the Crafts in receiving gas was a property interest protected by the due process clause. The applicable law that applies to the facts of this case is the due process clause which provides a guarantee of protection against the loss of property or rights without the chance to be heard. In the case Memphis Light, Gas and Water Division v. Craft the Tennessee residents were right in contending that they had been denied due process of law because their gas service was terminated due to a misunderstanding, ... Get more on HelpWriting.net ...
  • 78.
  • 79. Legal, Ethical Issues in the Work Environment Legal, Ethical Issues in the Work Environment: Employee Health and Safety Student's Name Instructor's Name Course Title Date Introduction In this paper ethical issue or situation, which will be discussed in regard to current, previous, or potential future work environment is "Employee Health & Safety", which in present had been the essential issue of government of every nation. In current unstable culture employers, unions, employees as well as government agencies interest in the health along with the safety associated problems has been enhancing because of enhancing number of the work associated injuries, illnesses along with deaths. In regard to National Safety Council, every workday the fatality happens every 2 hours ... Show more content on Helpwriting.net ... Concentration on both of these approaches is essential for making an organizational approach toward safety, effective. A lot of organizational and individual issues come out in the management of employee health and safety, which are as follows and need to be managed ethically otherwise it can direct an organization towards various legal issues: Physical Work Settings The physical settings of a severally affect the performance of employees as some of the factors include temperature, noise levels, lighting, size of work area and kinds of materials used that make an effect on employees working with these factors. It is believed that each and every organization should take care of physical work settings in which its employees work as otherwise it can lead to number of ethical and legal issues. Sick Building Syndrome It is a position in which employees go through acute health troubles and uneasiness due to the time spent in its workplace. Some factors that can guide to sick buildings admit poor air quality, inadequate ventilation, inappropriate cleanliness, stench of stuffs and glues, etc. Ergonomics The term falls from the Greek word ergon, which intends work, and omits stands for "management of." Ergonomics is the analyses of physiological, psychological and ... Get more on HelpWriting.net ...
  • 80.
  • 81. Legal & Ethical Environment of Business Legal & Ethical Environment of Business DATE: 2/4/2013 Week 1 Assignment PART 1: Follow the link below, read the article and analyze the practice of "dumping" dangerous drugs overseas. Can an American company be penalized for marketing a product deemed unsafe by the U.S., if it is not also banned by the foreign government? This passage is mainly talk about hot Winthrop and Crter–wallace companies "dumping" dangerous drugs overseas. From the legal point of view. First, in the United States side, FDA officials maintain strict controls over ... Show more content on Helpwriting.net ... The worse is Johnson & Johnson, knowing that there is a problem with their own drug , knowing that has led to the death of the babies, wasn't until June 1990, a week after Britain's Yorkshire Television broadcast an expose about the situation in Pakistan, that Johnson & Johnson took decisive action. To those undeveloped countries, Is this their fault for lower economic? Is this their fault for not having advanced medical technology and the only way is asking for help from developed countries? Is this their fault that drug supervision and management are not professional? As businessmen, they should be pursued to maximize the benefits. However, in the pursuit of the interests at the same time, should you give up the most basic human ethics? Where is the bottom line of ethic and moral of these companies? As businessmen, they should first be a person. As a person, they use their products to hurt another person, as if you invented a killer and kill others for you. Is it not a murder? The laws of a country can only control the events of their own country. There no right to interfere in the foreign things. Shouldn't this situation be improved? Since the laws of a country cannot be the role of these events. How about the International law? Why can't each country to improve the problems together, to talk about the international legal modifications? However, it useless I think. Economically ... Get more on HelpWriting.net ...
  • 82.
  • 83. Managing Medical Ethics and Legal Requirements in a... Level 5 Diploma in Primary Care and Health Management 4419–601 Managing Medical Ethics and Legal Requirements in a Primary Care and Health Environment TABLE OF CONTENTS TASK | PAGE | Task 1Managing medical ethics is a fundamental part of a Manager's role. It is the responsibility of the Manager to understand the guiding principles of medical ethics and apply them within the organisation | | a) Reflect on the journey of medical ethics and interpret how the principles of the Hippocratic Oath are applied within your organisation.................................................... | 4 | b) Examine your workplace with reference to its compliance with the legal and ethical requirements of holding, using and accessing data........................................................... | 6 ... Show more content on Helpwriting.net ... It is important that the patient is aware not only of their rights, but of their individual responsibilities. | | a) Select three of the patients' right below a. Rights to choose a GP b. Rights to hospital treatment c. Rights to refuse treatment d. Rights to opt out of summary care recordsExamine their meaning as applicable to the NHS Constitution or alternative national guidelines................................................................................................................................. | 13 | b) Evaluate measures which may be used to inform patients of their rights and responsibilities and recommend areas for improvement within your organisation............................................................................................................................. | 16 | Task 4Ensuring health and safety is an important responsibility not only for the Managers but all associated with the premises. Evaluate your organisation's health and safety policy and procedures in line with legislative requirements and propose recommendations on how health and safety should be managed | 17 | Task 5Ensuring compliance to employment law and regulations is essential to meeting the challenges of employing and maintaining the employment relationship. | | a) Review the legal/regulatory requirements in creating the employment relationship | 19 | b) Evaluate your organisation's employment practices, procedures and policies ... Get more on HelpWriting.net ...