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 23, Problem 2IS
Summary Introduction
Case summary:The company, TC gets to know that a rule is being considered by a federal administrative agency. The rule will have a negative impact on the ability of the firm to do business.
To find:The opportunity with the firm for expressing an opinion on the pending rule.
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In 2004, Wal-Mart was sued when an employee with prior criminal convictions for sexually-based offenses was accused of sexually assaulting young girls during his working hours. A background check with previous employers would have revealed the employee's conviction records. But Wal-Mart did not begin background checks until a year after the employee was imprisoned. The lawsuit was an example of a(n) _____ lawsuit.
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adverse impact
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disparate treatment
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What is the National Conference of Commissioners on Uniform State Laws?
A group of experts who develop laws for states to adopt so that laws on specific subjects will be the same from state to state
An organization made up of representatives from the legislatures in each state that negotiates changes to state laws intended to standardize state laws
A committee of the U.S. Congress whose purpose is to propose how differences in state laws can be resolved
A committee of the American Bar Association whose purpose is to recommend to the U.S. Congress how differences in state laws can be eliminated
What is the legal concept that rulings made by the highest courts must be followed by lower courts in future cases?
Civil law
Model laws
Stare decisis
Restatement of the law
1. Please identify problems that could arise in a business if you were not operating in a regulated environment.
2. Indicate how being in a regulated environment can improve a business organization’s efficiency and effectiveness in the industry.
3. Prepare a Know Your Customer Form (KYC) which captures Information for a customer that is relevant to the type of business that you have established.
4. Write a reflective report on the relevance of the regulatory envoronment in the establishment and operation of a business organization. Propose recommendations that University Administrators can use to strengthen the regulatory envionment.
5. List the benefits of three regulatory bodies
Chapter 23 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
Ch. 23 - Assume that the Securities and Exchange Commission...Ch. 23 - Assume that the Securities and Exchange Commission...Ch. 23 - Assume that the Securities and Exchange Commission...Ch. 23 - Prob. 4RECh. 23 - Prob. 1ISCh. 23 - Prob. 2ISCh. 23 - Prob. 1BSCh. 23 - Informal Rulemaking. Assume that the Food and Drug...Ch. 23 - Rulemaking. The Investment Company Act prohibits a...Ch. 23 - Prob. 4BCP
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