100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Instructor Solution Manual For Dynamic Business Law The Essentials, 5th Edition, Nancy Kubasek ISBN: 9781260253382|| Complete Guide A+$16.48
Add to cart
Instructor Solution Manual For Dynamic Business Law The Essentials, 5th Edition, Nancy Kubasek ISBN: 9781260253382|| Complete Guide A+
8 views 0 purchase
Course
Business law
Institution
Business Law
TEST BANKInstructor Solution Manual For Dynamic Business Law The Essentials, 5th Edition, Nancy Kubasek. PART 1: The Legal Environment of Business Chapter 1: An Introduction to the Fundamentals of Dynamic Business Law Chapter 2: Business Ethics and Social Responsibility Chapter 3: The U.S. Legal Sy...
TEST BANK Test Bank for Dynamic Business Law The Essentials, 5th Edition TEST BANK JNURSE Dynamic Business Law The Essentials, 5th Edition, Nancy Kubasek Chapter 1 -25 Chapter 1: An Introduction to the Fundamentals of Dynamic Business Law and Business Ethics 1. CHAPTER OVERVIEW Chapter 1 lays the foundation for the textbook. The textbook emphasizes ways in which business law intersects with the six functional areas of business. Throughout the textbook, the authors will encourage students to ―connect to the core,‖ and remember the ways in which law intersects with other areas of study, including corporate management, production and transportation, marketing, research and development, accounting and finance, and human resource management. This manual supports the ―connecting to the core‖ theme by giving ideas for assignments that encourage students to integrate their business law knowledge with knowledge they are acquiring from their other business classes. The manual also encourages professors to improve their teaching skills. Finally, the manual suggests teaching ideas for both beginning and experienced teachers. 2. LEARNING OBJECTIVES After reading this chapter, students will be able to answer the following questions: 1. What is business law? 2. How does business law relate to business education? 3. What are the purposes of law? 4. What are alternative ways to classify law? 5. What are the sources of law? 6. What are the various schools of jurisprudence? 3. LECTURE NOTES WITH DEFINITIONS a. In the news… Teaching tip: For each chapter, consider asking students to relate current news items to material from the chapter. In addition to ideas students come up with on their own, consider weaving in news stories provided by the McGraw -Hill. Stories are available via a McGraw -Hill DVD, and on the publisher‘s web site. JNURSE For Chapter One, McGraw -Hill offers the following stories: ―Smoking Ban: Tobacco Tyrants: Gone Too Far? Many States Are Putting Stronger Restrictions on Where You Can Smoke‖ • Have states gone too far in banning smoking? • Whose interests are state legislatures looking out for in banning smoking? ―College Officer Dealings With Lenders Scrutinized.‖ • Should regulators take a more careful look at college officers? • Why created changes in the ways college officers interact with lenders? b. What is business law? Business law consists of the enforceable rules of conduct that govern the actions of buyers and sellers in market exchanges. c. How does business law relate to business education? Business law applies to the six functional areas of business: • Management • Production and transportation • Marketing • Research and development • Accounting and finance • Human resource management d. What are the purposes of law? • Providing order • Serving as an alternative to fighting • Facilitating a sense that change is possible • Encouraging social justice • Guaranteeing personal freedoms • Serving as a moral guide e. What are alternative ways to classify law? One way to classify law: Private law involves disputes between private individuals or groups. Public law involves disputes between private individuals or groups and their government. A second way to classify law: Civil law is the body of laws that govern the rights and responsibilities either between persons or between persons and their government. Criminal law is the body of laws that involve the rights and responsibilities an individual has with respect to the public as a whole. JNURSE Teaching tip: Ask students to give an example of a fact situation that led to both criminal and civil lawsuits, e.g., the O.J. Simpson trials. f. What are the sources of law? Sources of business law are: 1. Constitutions Constitutional law refers to the general limits and powers of governments as stated in their written constitutions. 2. Statutes or legislative actions Statutes or legislative actions refer to the assortment of rules and regulations put forth by legislatures. 3. Cases Case law (or common law) is the collection of legal interpretations made by judges. Precedent is a tool used by judges to make rulings on cases on the basis of key similarities to previous cases. Stare decisis is a principle stating that rulings made in higher courts are binding precedent for lower courts. Teaching tip: The first time your students encounter an appellate case in the readings, show them what stare decisis looks like in the context of a real case. 4. Administrative law Administrative law is the collection of rules and decisions made by administrative agencies to fill in particular details missing from constitutions and statutes. 5. Treaties A treaty is a binding agreement between two states or international organizations. 6. Executive orders An executive order is a directive that comes from the president or state governor. g. What are the various schools of legal interpretation? Some schools of legal interpretation include: • Identification with the Vulnerable — emphasis on fairness and looking out for those with the least power. • Historical School/ Tradition —emphasis on the use of traditions and stare decisis. • Legal Realism —judges consider context such as social and economic conditions. • Cost -benefit Analysis —emphasis is on assigning monetary values to costs and benefits of the law in order to make calculations to maximize the ratio of benefits to costs. Teaching tip: Consider using ―The Case of the Speluncean Explorers (link below) to make the schools of jurisprudence come alive. h. Appendix on Critical Thinking and Business Law Critical thinking includes the application of evaluative standards to assess the quality or the reasoning being offered to support the conclusion. Critical thinkers will follow this pattern of careful thinking when they read an argument: 1. Find the facts. 2. Look fore the issue. JNURSE
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller JNURSE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.48. You're not tied to anything after your purchase.
