Business Law Chapter 1 (Exam Review), Questions with accurate answers, Graded A+
Business Law Chapter 1 (Exam Review), Questions with accurate answers, Graded A+ Document Content and Description Below Business Law Chapter 1 (Exam Review), Questions with accurate answers, Graded A+ Enforceable rules of conduct that govern commercial relationships? - Business Law What are the 5 Function al Areas of Business Affected By Business Law? - 1. Corporate Management 2.Production&Transportation 3. Marketing 4. Research & Development 5. Accounting & Finance 6. Human Resource Management What are the 6 Purposes of the Law? - 1. Providing order 2.Serving as an alternative to altercation 3. Facilitating a sense that change is possible 4. Encouraging social justice 5. Guaranteeing personal freedoms 6. Serving as a moral guide (the minimum) What are the 6 Sources of Business Law - Federal/US and State System - 1. Constitutions 2. Statutes 3. Cases 4. Administrative Law 5. Treaties 6. Executive Orders What are the systems for Constitutions - (US and State) What are the systems for Statutes - (US Code and State Statutes) Legislative actions equals? - Statutes What are the systems for Cases - (Common Law - Federal and State) What are the systems for Administrative Law - (Rules, Regulations, and Decisions - Federal and State) What are the systems for Treaties - (US) What are the systems for Executive Orders - (Federal and State) What governs at the local level to the extent they are given that power by the state. - Lo
Document information
- Uploaded on
- April 25, 2023
- Number of pages
- 6
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
