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17. Chapter. Maintaining Good Government Relations And Business Ethics. Legal System & Basic Laws Role Of Government Assistance Government Regulations & Paperwork Choosing A Lawyer Ethical/Socially Responsibility. Legal Terminology. Law Statutory Common Interstate Commerce Clause
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17 Chapter Maintaining Good Government Relations And Business Ethics Legal System & Basic Laws Role Of Government Assistance Government Regulations & Paperwork Choosing A Lawyer Ethical/Socially Responsibility
Legal Terminology • Law • Statutory • Common • Interstate Commerce Clause • Police Power • Due Process McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc. All rights reserved.
PhotoLink/Getty Images Hisham F. Ibrahim/Getty Images Government Branches • Legislative • Executive • Judicial
Types Of Law • Public • Criminal • Private • Civil
General Provisions Sales Commercial Paper Bank Deposits & Collections Letters Of Credit Bulk Transfers Documents Of Title Investment Securities Secured Transactions Articles of Uniform Commercial Code
Tort “…a wrongful act by one party, not covered by criminal law, that results in injury to a second party’s person, property, or reputation, for which the first party is liable.”
Tort Law • Provides Means For Compensation • Laws Deal With • Duties & Compensation • Faulty Products Or Actions Of Others
Bankruptcy “…a formal legal condition of inability to repay debts. People or businesses can petition the courts to be relieved of the financial obligation.”
Ryan McVay/Getty Images Types Of Bankruptcy • Chapter 7 – Personal, Ordinary/Straight • Chapter 11 – Reorganization • Chapter 13 – Business, Ordinary/Straight
Government Help-Small Business • Small Business Administration- www.sba.gov • Service Corps Of Retired Executives – www.score.org
Jason Reed/Getty Images Department Of Commerce • International Trade Administration • U.S. & Foreign Commercial Service Agency • Minority Business Development Agency • U.S. Census Bureau
Department Of Agriculture • Cooperative Extension Service • Federal Land Bank Association • Production Credit Association • Farmers Home Administration
PhotoLink/Getty Images Government Regulations& Paperwork • Dealing With Regulatory Agencies • Benefits Of Government Regulation • Problems With Government Regulation • Difficulty Understanding • Enormous Amount Of Paperwork • Difficulty/Cost Of Compliance • Discourages Firms From Hiring
Laws & EmployeeNumber For Compliance LawEmployee # • Occupational Safety & Health Act 10 • Federal Civil Rights Laws 15+ • Americans With Disabilities Act 15 • Family Medical Leave Act 50 • Worker Adjustment & Retraining Act 100
Jack Hollingsworth/Getty Images Coping WithGovernment Regulations • Learn • Challenge • Get Involved • Better Environment • Live With It
PhotoLink/Getty Images Choosing Lawyer • Education • Knowledge Of Law • See Big Picture • Weigh Alternatives
Scott T. Baxter/Getty Images Where To Look For Lawyer • Personal Referral • Martindale-Hubbell Law Directory- • Lawyer Referral & Information Services • Advertising
Royalty-Free/CORBIS What To Look For In Lawyer • Experience In Your Type Of Business • Compatibility • Availability • Cost
Social Responsibility “…a business’s obligation to follow desirable courses of action in terms of society’s values and objectives.”
Business FormsOf Social Responsibility • Consumerism • Employee Relations • Environmental Protection • Community Relations
Environmental Protection • Balance Between People & Environment • Pollution Control • Conservation
S. Alden/PhotoLink/Getty Images Community Relations • Educational/Medical Assistance • Urban Development/ Renewal • Arts, Culture, & Recreation
Business Ethics “…the standards used to judge the rightness or wrongness of a business’s relations to others.”
Ethics Lapses In Workplace Percent Of Employees Reporting Observation Of A Given Type Of Ethical Lapse
Personal Ethics Points • Control Your Attitude • Control Your Associations • Control Your Discipline • Work On Yourself
“Four Way Test” Of Self • Truth? • Fair To All? • Build Goodwill? • Beneficial To All?
S. Meltzer/PhotoLink/Getty Images Federal SentencingGuidelines For Organizations • Clear Standards • Ethics Training • Reporting System • Track Record For Discipline