What is the role of law in business

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Reference no: EM132757090

1. What is the role of law in business? Are there special concerns for businesses with the different types of laws and regulations?

What sort of legal risks exist for those businesses engaged in domestic and international business activities?

2. Describe the steps in the litigation process and compare them to a form of alternative dispute resolution (ADR). In which cases would ADR be the preferred form of dispute resolution? Explain your answer.

Text: Legal Environment of Business, Ch. 1: Legal Heritage and the Digital Age

3. Define law. Describe the functions of law.

4. Explain the development of the U.S. legal system.

List and describe the sources of law in the United States.

5. Discuss the importance of the U.S. Supreme Court's decision in Brown v. Board of Education.

Text: Legal Environment of Business, Ch. 2: Ethics and Social Responsibility of Business

6. Describe how law and ethics intertwine.

7. Describe the moral theories of business ethics.

8. Describe the theories of the social responsibility of business.

9. Examine the provisions of the Sarbanes- Oxley Act.

Text: Legal Environment of Business, Ch. 3: Courts, Jurisdiction, and Administrative Law

10. List and describe the types of decisions that are issued by the U.S. Supreme Court.

11. Compare the jurisdiction of state courts with that of federal courts.

12. Describe administrative agencies and the main features of administrative law.

Reference no: EM132757090

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