BMAL 590 Exam Questions Complete Answers Current Update (Verified A+ Pass)
Legal environment of business can be addressed through - Answers - Foundational Principles
Law of Contracts
Business and Ethics
Forms of Business Organizations
Global Legal Environment
Public Law - Answers - Relate...
BMAL 590 Exam Questions
Complete Answers Current
Update (Verified A+ Pass)
Legal environment of business can be addressed through - Answers -✔✔ Foundational
Principles
Law of Contracts
Business and Ethics
Forms of Business Organizations
Global Legal Environment
Public Law - Answers -✔✔ Relates to the ability of society to take action against those
whose actions are considered to be against the law.
Private Law - Answers -✔✔ Relates to the ability of individuals to initiate action against
others (to sue one another)
Federal Laws - Answers -✔✔ Federal laws are passed by Congress and signed into
law by the president.
State Law - Answers -✔✔ State laws are passed by the state legislatures and signed
into law by the governor
Executive branch - Answers -✔✔ the President and the Administration
Legislative branch - Answers -✔✔ the Congress
Judicial branch - Answers -✔✔ the Courts
Natural law - Answers -✔✔ views law as being enshrined in universal moral and ethical
principles.
Positivist law - Answers -✔✔ holds law to be the ultimate will of the state that applies
only to the people of a country at a given point in time.
Historical law - Answers -✔✔ looks at precedent. Changes may occur from time to
time. Thus, decisions in a particular case are based on precedent set in similar cases
earlier.
, Legal realism - Answers -✔✔ posits that law derives from social interests, economic
conditions, and public policy.
Legal realism differs from legal formalism in that it separates legal rules from social and
political phenomena.
deductive reasoning - Answers -✔✔ A conclusion arrived at through deductive
reasoning is certain. Mathematics is based on deductive reasoning.
inductive reasoning - Answers -✔✔ A conclusion arrived at through inductive reasoning
is probable, not certain. Science is based on inductive reasoning.
General to General Deductive Reasoning - Answers -✔✔ All mammals are warm-
blooded (Premise One).
All elephants are mammals (Premise Two).
Therefore, all elephants are warm-blooded (Conclusion).
inductive statement - Answers -✔✔ disproved through new, empirical evidence.
categorical syllogism - Answers -✔✔ example of general to particular deductive
reasoning
particular to particular form of inductive reasoning (analogy) - Answers -✔✔ used to
choose particular legal principles to be applied in a case.
Contract Law - Answers -✔✔ the law to protect intellectual property, laws that establish
incentives for investment, and laws that provide for equal opportunities can all be
considered at this level.
Firm infrastructure - Answers -✔✔ which primarily deals with leadership, includes
governance mechanisms, liability, and compliance with regulations.
Logistics - Answers -✔✔ both inbound and outbound, rely on contract law and the
extent to which upstream and downstream partners are committed to preserving and
protecting the environment.
Operations - Answers -✔✔ need to provide a safe work environment and ensure that
all regulatory standards are complied with.
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