Canadian Legal System * Preparation – chapter 1: Knowledge of law as a business asset knowledge of the law is a business asset that can assist owners and managers in reaching their goals and objectives. This is because business law: defines general rules of commerce protects business ideas and more tangible forms of property provides mechanisms that permit businesspeople to select their desired degree of participation and exposure to risk in business ventures seeks to ensure that losses are borne by those who are responsible for them facilitates planning by ensuring compliance with commitments law is a set of rules and principles intended to guide conduct in society, primarily by protecting persons and their property, facilitating personal
Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
Role and Functions of Law Law 421 July 16, 2012 Dr. Stephen Loro The role and function of law in business and society is essential due in part because legal matters influence how both business and society operate. Understanding law and its purpose allows us as individuals in society and perhaps in our role in business to organize, prepare and plan our course of action. One of the fundamentals associated with law as we know it is the United States Constitution. In addition to the Constitution each individual state has an established Constitution; each has a part or purpose in the legal practices that govern us in society and in business. According to the textbook the Constitution has three functions the first being to set up a structure for the federal government and rules for modifying the constitution, second provide powers for branches of the government and third to grant protections and liberties for United States Citizens from illegal or unlawful government practices.
Sarbanes-Oxley Act is designed to make all personnel accountable for their action or inactions. For example, external, internal, and foreign attorneys are required to report violations to CEO/CFOs. If the officer(s) do not respond to the evidence provided by the attorney(s), they are obligated to report the evidence to the audit committee or another committee of the board. The act also provides protection to whistle blowers under Title VIII: Corporate and Criminal Fraud Accountability Act of 2002 (American Institute of CPAs,
There is a difference if managerial structures and legal ramifications for employees completing their job duties, additionally each one has their own ethics that they function within (Roufa, n.d.). First, we will examine Private Security; in its simplest form, the term “private security” refers to the protection of people, property, and information (Encyclopedia of Crime and Punishment, 2002, pp. 1253). Society recognizes that the broader role of private security is for individuals and businesses to pay a fee to protect their persons, private property, or their interests from hazards (Encyclopedia of Crime and Punishment, 2002, pp. 1253).
By doing this then the Company Q leadership can institute changes corporately as well as locally because they would then have an understanding the unique situations that each store has to contend with in each of the different communities. An added benefit of Company Q establishing and instituting a culture of social responsibility, will be in recruitment of talented individuals who are looking for companies that understand the importance of social responsibility in the communities in which they
Possible Legal, Ethical, and Information Security Concerns Related to Developing Kudler’s Frequent Shopper Program Legal Concerns It is a company’s legal responsibility to take steps to correctly secure or dispose of consumer and employee data. Financial, children’s personal data, and credit report derived data may raise additional concerns with compliance. If any of Kudler’s customers and or employees become victims of identity theft, Kudler may have legal responsibilities to them. The FTC (Federal Trade Commission) does regulate and oversee business privacy laws and policies that have an impact on customers. While it is not required by law, a company’s online and offline privacy policies are pledges to their customers about how data will be collected, used, shared, and protected and the FTC prohibits deceptive practices.
These are actually different laws for products that are in place for the satisfaction of the requirements for the United States Government. When it comes to business, the different services and the different goods can be something that are protected by the Uniform Commercial Codes laws and this regulation throughout the UCC can the affect the different small businesses in part by just implementing the main services to these
Business Regulation The United States Constitution and the United States legal system do play a role in regulating business in this country. The commerce clause and the equal protection clause from the Constitution both play a role in the regulation of business. Although businesses may have their own codes of conduct, the United States legal system and the Constitution regulate the way they do business. This process is done in several ways, one being how the Constitution does not allow monopolies, the other being how racial, sexual, and other areas of misconduct are kept out of the workplace thanks to how the U.S. legal system works. Within the way the United States runs all forms of commerce, the Constitution and the legal systems both regulate this process.
Labor unions have a long and colorful history in the United States and this report will discussed part of the past and present of them. For some people they disturb and organize crime, but for others, labor unions represent solidarity among the working classes, bringing people together across many professions to lobby for better rights, wages, and benefits. (http://money.howstuffworks.com/labor-union.htm) The labor relations process involves managers, who represent the ownership interest and the labor organization (unions) designated as the exclusive bargaining agent representing the interests of a group of employees engaged in the joint determination and administration of work rules. Union representation of employees’ interests is not automatically