The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 1, Problem 2BS
Summary Introduction
Case Summary: There are various sources of American law at present which have been divided into primary sources and secondary sources.
To Explain: Which one takes priority when there is a conflict between the following:
(a) A federal statute and the US Constitution,
(b) A federal statute and state constitutional provision,
(c) A state statute and common law of that state and
(d) State constitutional amendment and the US Constitution.
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In business, an ethical issue is identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as ethical or unethical. Such a choice often involves weighing monetary profit against what a person considers appropriate conduct. The best way to judge the ethics of a decision is to look at a situation from a customer or competitor’s viewpoint. As a professional ethics consultant, you are required to discuss in detail, ethical issues in business in the context of their relation to conflicts of interest, fairness and honesty, communications, and business associations.
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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