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BUSA TEST 1 study guide

by: Vraj Patel

BUSA TEST 1 study guide BUSA 2106

Vraj Patel
GPA 3.6

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BUSA TEST 1 Study guide
Legal Environment of Business
Study Guide
BUSA, business, Environment
50 ?




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This 2 page Study Guide was uploaded by Vraj Patel on Monday February 1, 2016. The Study Guide belongs to BUSA 2106 at Georgia State University taught by Sherman in Spring 2016. Since its upload, it has received 60 views. For similar materials see Legal Environment of Business in Business Administration at Georgia State University.

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Date Created: 02/01/16
Tuesday, January 12, 2016 Legal Environment Of Business - Ethics and social responsibility of business - What is the responsibility of the lower on the business team ? Drafts the contract, What is agreed on - What makes something a law Define Law - Law set by authority figure consequence for breaking the law - Define: ethics concepts of right and wrong - Cannon of ethics - Code of conduct - Sarbanes Oxley Act of 2002 > requires that companies set up confidential systems so employees can raise red flags about illegal or unethical auditing and accounting - Read Pages: 22-23 28-32 Social responsibility of business should act with awareness of the consequences an impact that their awareness of the consequences Maximum profits; main job make profit Moral minimum; Comply with the law follow the law and your okay Stake holders interest; Think about other stakeholders not just the stock holders, think about others Corporate Citizenship;Companies have an obligation to help solve world problems promoting social goods Googles code of conduct “DO NO EVIL” Google response to the US 2012 stop online privacy act They blocked internet searches for one whole day. Georgia legislation is 40 days in the spring and 40 days in the fall Define Law: Rules if broken consequences follow 1 Tuesday, January 12, 2016 Based primarily on english common law of judges who make decisions set precedents for future judges principles announced in the cases because precedents for later judges deciding simpler case All states except Louisiana base law on English common law Louisiana goes by french civil code elements of California and Texas law are rooted in civil law also Courts are making new laws and new interpretations everyday 3 branches, each branch creates a law Every Law is judged against U.S. Constitution When The supreme court interrupts a law its placed against the constitution Executive branch- Federal president + state governor issue executive orders sign treaties , sign bills into laws or veto Executive order- presidents allowed to make law -Treaties Nafta includes united states , Canada and Mexico Treaty compacts made between two or more nations Statues: written laws that establish certain course Administrative agencies “4th Branch” Rules and regulations -Doctrine of star decisions Whoever on the high seas commits the crime of piracy shall be imprison for life 18.US code piracy is defined as robbery at sea, we can se how precedents change over time 2


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