Test Bank For Dynamic Business Law 6th Edition By Kubasek, Consists Of 52 Complete Chapters, ISBN: 978-1260733976||Complete Guide A+||Latest Update

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Dynamic BusinessLaw,6thEdition
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ByNancyKubasek
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,Chapter 1- An Introduction to Dynamic Business Law
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CHAPTER OVERVIEW jh




Chapter One lays the foundation for the textbook. Make sure you look on the
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publisher‘s web site for information about how business law intersects with the six functional
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areas of business. The authors encourage students to ―connect to the core,‖ and remember the
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ways in which law intersects with other areas of study, including corporate management,
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production and transportation, marketing, research and
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finance, and human resource management.
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This manual supports the ―connecting to the core‖ theme by giving ideas for
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assignments that encourage students to integrate their business law knowledge with
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knowledge they are acquiring from their other business classes. The manual also
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encourages professors to improve their teaching skills. Finally, the manual suggests teaching
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ideas for both beginning and experienced teachers.
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LEARNING OBJECTIVES jh




After reading this chapter, students will be able to:
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1-1 Define business law. jh jh



1-2 Relate the functional areas of business to the relevant areas of
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business law1- 3 Recall the purposes of law.
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1-4 Distinguish among types of law. jh jh jh jh



1-5 Differentiate between sources of the law. jh jh jh jh jh




1-6 Identify the various schools of jurisprudence. jh jh jh jh jh




LECTURE NOTES WITH DEFINITIONS jh jh jh




In the news…
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news items to material from the chapter.
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In addition to ideas students come up with on their own, consider
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weaving in news stories provided by the McGraw Hill.
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For Chapter One, McGraw Hill offers the following stories:
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―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are Putting
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Stronger Restrictions on Where You Can Smoke‖
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 Have states gone too far in banning smoking? jh jh jh jh jh jh jh

,  Whose interests are state legislatures looking out for j h j h j h j h j h j h j h



in banning smoking?
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―College Officer Dealings With Lenders Scrutinized.‖ jh jh jh jh jh




 Should regulators take a more careful look at college officers? jh jh jh jh jh jh jh jh jh




 Why created changes in the ways college officers interact with
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1-1 Define j h lenders?
Business law consists of the enforceable rules of conduct
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business law.
j h jh that govern commercial relationships.
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1-2 Relate the
jh jh Business law applies to the six functional areas of business:
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functional
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 Corporate management jh


areas of
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 Production and transportation
business to the
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 Marketing
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relevant areas
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of business law.
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 Research and development jh jh




 Accounting and finance jh jh




 Human resource management jh jh




1-3 Recall the
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purposes of
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law.
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 Facilitating a sense that change is possible jh jh jh jh jh jh




 Encouraging social justice jh jh




 Guaranteeing personal freedoms jh jh




 Serving as a moral guide jh jh jh jh




1-4 Distinguish
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among types of
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Private law involves disputes between private individuals or groups.
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law.
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Public law involves disputes between private individuals or
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groups and their government.
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A second way to classify law:
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Civil law involves the rights and responsibilities involved in
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relationshipsbetween persons and between persons and their
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government.
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Criminal law involves incidents in which someone commits an act
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against the public as a unit.
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Teaching tip: Ask students to give an example of a fact situation
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1-5 Differentiate
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that ledof to
Sources
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business criminal
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are:and civil lawsuits, e.g., the O.J. Simpson trials.
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between sources
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1. Constitutions
of the law.
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Constitutional law refers to the general limits and powers of jh j h jh jh jh jh jh jh jh



governments as stated in their written constitutions.
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2. Statutes or legislative actions jh jh jh




3. Cases
Case law (or common law) is the collection of legal
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interpretations made by judges.
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Stare decisis means courts are relying on precedent.
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Teaching tip: The first time your students encounter an appellate
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case in the
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, readings, show them what stare decisis looks like in the context of a real case.
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4. Administrative law jh



Administrative law is the collection of rules and j h j h j h j h j h j h j h



decisions made by administrative agencies.
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5. Treaties
A treaty is a binding agreement between two states
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or international organizations.
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6. Executive orders
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An executive order is a directive that comes from the president or
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stategovernor.
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1-6 Identify the
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various schools
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 Natural law—certain ethical laws and principles are morally jh jh jh jh jh jh jh


of
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right and jh jh


jurisprudence.
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―above‖ the laws devised by humans. jh jh jh jh jh




 Legal Positivism—assumes the legitimate political authority j h j h j h j h j h



deserves our obedience when it issues a rule.
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 Identification with the Vulnerable—emphasis on fairness and jh jh jh jh jh jh



looking out for those with the least power.
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 Historical School/Tradition—emphasis on the use of stare decisis. jh jh jh jh jh jh jh




 Legal Realism—judges consider social and economic conditions. jh jh jh jh jh jh




 Cost-benefit Analysis—make calculations to maximize the jh jh jh jh jh



ratio of benefits to costs.
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Teaching tip: Consider using ―The Case of the Speluncean
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Global and jh AtExplorers
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this point
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(link inbelow)
the totextbook, studentsof jurisprudence
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Comparative
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that globalization has affected the scope of business
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Law
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terms that will come up later in the book:
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
Trade, i.e. the exchange of goods or services, on a global jh jh j h j h jh j h jh j h jh jh



scale has ledto the creation of trade agreements that serve
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as de facto rules governingthe global business environment.
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 Comparative law—the field of law that studies and compares jh j h jh jh jh jh j h jh



laws in different countries.
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Appendix on jh Critical thinking includes the application of evaluative standards
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Critical Thinking
jh j h to assess the quality or the reasoning being offered to support
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and Business
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when they read an argument:
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1. Find the facts. jh jh




2. Look for the issue. jh jh jh




3. Identify the judge‘s reasons and conclusion. jh jh jh jh jh




4. Locate in the decision the rules of law that govern the judge‘s reasoning.
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5. Apply critical thinking to the reasoning. Evaluate the reasoning.
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 Look for potential ambiguity. jh jh jh




 Consider the strength of analogies. jh jh jh jh