Chapter 1 – Legal, Ethical, and Global Environment of Business Study Guide PDF 2026 Update with Questions, Answers, and Explanations

Chapter 1 – Legal,
Chapter
Ethical,1and
– Global
Legal, Ethical,
Environment
and Global
of Business
Environment
Study Guide
of Business
PDF with
Study
Questions,
Guide PDF
Answers,
with Questions,
and Detailed
Answers,
Explanations
and Detailed
for Business
Explanations
and Management
for BusinessStudents
and Management Students.pdf 2026-03-31




Chapter 1 – Legal, Ethical,
and Global Environment of
Business Study Guide PDF
with Questions, Answers,
and Detailed Explanations
for Business and
Management Students
Page 1 Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Chapter 1 – Legal, Ethical, and Global Environment of Business Study
1 Guide PDF with Questions, Answers, and Detailed Explanations for Business and Management Students.pdf

,CH.1 Legal, Ethical, and Global Environment of Business CH.1 Legal, Ethical, and Global Environment of Business.pdf 2026-03-31




Terms in this set (116)



Breaches to violate a law, by an act or an omission, or to break a legal obligation
that one owes to another person or to society


Factors that influence Business Decision Making 1. Contracts
2. Sales
3. Negotiable Instruments
4. Creditor's Rights
5. Intellectual Property
6. E-Commerce
7. Product Liability
8. Torts
9. Agency
10. Business Organizations
11. Professional Liability
12. Courts and Court Procedure



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, CH.1 Legal, Ethical, and Global Environment of Business CH.1 Legal, Ethical, and Global Environment of Business.pdf 2026-03-31




Ethics the study of what constitutes right or wrong behavior


Primary Sources of Law (sources that establish the 1. The U.S. Constitution and the constitutions of the various states
law) 2. Statutory law
3. Regulations created by administrative agencies, such as the Food and
Drug Administration
4. Case law and common law doctrines


Secondary sources of law books and articles that summarize and clarify the sources of law; Courts
refer to these sources for guidance in interpreting and applying the
primary sources of law


Examples of Secondary Sources of Law Legal Encyclopedias, treatises, articles in law reviews, and compilations
of law such as the Restatements of the Law


Constitutional Law the law as expressed in these constitutions (the supreme law of the land,
the basis of all law in the United States)




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