Reference no: EM131648105

Assignment

Purpose of Assignment

Why do businesses enter into agency relationships and hire independent contractors instead of employees. Is it simply cost? Is it a question of liability, or is it a combination of the two? As you approach this week's assignment, consider these questions and think about how they impact risk and what factors in that business create the most risk for the employees and executives. Is it always the same?

Furthermore, you may be familiar with personal torts such as negligence; however, business torts are different as they are being committed not against the person but rather against intangible assets. Think about what this means and how each aspect of your work might result in a business tort being committed.

Assignment Steps

Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 5, Ch. 6 and Ch. 7, Legal Source database located in the Week 3 Electronic Reserve Readings

Create a 15 to 20 slide Microsoft PowerPoint presentation, including detailed speaker notes (speaker notes not required for introduction, conclusion, and reference slides). The speaker notes for each slide should serve as the text for your presentation.

Address the following:

• Learning Team Collaboration:

o Differentiate between the following Agency types: Express, Implied, Apparent and Ratification.
o Discuss what classifies a worker as an independent contractor.
o Discuss at least 2 business torts and 2 criminal activities that businesses deal with.
o Defend the collective finding of the Learning Team and its conclusions.

• Learning Team Case Study:

o Evaluate the impact of business tort liability on the pharmaceutical industry in general.
o Determine the growth of business tort liability in the pharmaceutical industry and discuss where and why tort reform is needed.
o Explain how business tort liability can be reduced through the implementation of the risk management process.
o Analyze how business tort liability can escalate to criminal liability.

Cite a minimum of five scholarly references. One peer-reviewed scholarly reference must be from the University Library. In-text citations should also be included throughout your entire presentation to direct reader to source of information discussed in your assignment. Legal Source database located in the Week 3 Electronic Reserve Readings is an excellent resource. Consider search terms pharmaceutical tort cases.

Format your assignment consistent with APA guidelines.