Legal and Ethics in Business Environment

In today’s global marketplace, doing business abroad has become as common as getting dressed each day. Technology has bridged the gap for entrepreneurs and corporate visionaries to expand into global markets with ease. Extensive risk analysis and market research must be communicated effectively to enable strategic financial steps that maximize shareholder equity and minimize company risk and exposure to be exercised. This paper will identify and discuss various factors that will impact global finance over the next 10 years

Every day businesses are faced with making decisions that can have far reaching effects within their organization and the communities in which their business are based. Company Q is one of these businesses. Recent decisions made within this company have demonstrated a trend that would suggest Company Q has a negative attitude toward social responsibility. This attitude can be evidenced by the closing of two stores in high-crime rate areas because they were consistently losing money, offering minimal amounts of health-conscious and organic foods despite high demand, and declining donations of day-old products rather than donating these items to the local area’s food bank due to concerns of fraud and stealing by employees.

This paper is composed for the individual assignment for week 2 of the MBA 633 Legal Issues in the Workplace course. The topic for this assignment consists of the differences between ethical and legal business issues. This paper will provide answers to questions related to employee behavior away from the office, and the Foreign Corrupt Practices Act and bribes. Both topics have been presented in the form of video cases (video 93 and 98) found in the Cengage digital video library.

Abandoned minors are no longer protected from liability on their contracts, merchants are still reluctant to deal with them on a credit basis, fearing that they may still attempt to disaffirm, or

Hartman, E. (2006). Can We Teach Character? An Aristotelian Answer. Academy of Management Learning & Education, 5(1), 68-81

The precise structure of inactive investment in a foreign nation depends largely on the treatment of the structure under the tax laws of the host country and the U.S.

Luke, an ABC employee, is currently working on a land development project consisting of building an adult entertainment store in a neighborhood where Luke’s brother, Owen, lives. Luke knows that Owen has been considering selling his home but that he is putting it off expecting the real estate market to improve in a few years, yet Luke knows that the project will cause the opposite effect.

an action can't be right if the people who are made happy by it are outnumbered by the people who are made unhappy by it.

Three general principles will guide the move towards sustainability. Firms and industries must become more efficient in using natural resources; they should model their entire production process on biological processes; and they should emphasize the production of services rather than products. Versions of the first principle, sometimes called eco- efficiency, have long been a part of the environmental movement. "Doing more with less" has

International trade is important and beneficial to business. However, international trade guides a safeguard of interests, specific business contract, defined law, forum of dispute settlement, and understanding of contract clauses. “A working knowledge of international law helps business owners and managers with global interests reduce risk and increase profits” (Melvin, 2011, P. 631). This enlightenment will address the international legal and ethical issues involved in international business transactions and compare such to domestic business operations.

Peter Crist is almost always correct. The reality is that if someone lies or covers stuff up, most of the time they will be found out eventually be it in two days or in 20 years. However, the reality is that some people do lie and cover stuff up in professional and personal situations and are never exposed. Sometimes this is because they're in a situation where dishonesty is prized, other times it's because the people around them turn a blind eye to what they see because they don't want to know the truth. Other times, it's because the person engaging in the dishonesty is so crafty and so quick that the trickery and subterfuge is almost inscrutable. However, the fact remains that Crist is correct. Often people are found out because those who are engaging in the trickery have so much hubris and so much arrogance that they engage in bolder and bolder moves, believing that they will never be caught. One example of that from the recent past is of Bernie Madoff. His crime was a simple Ponzi scheme which grew larger and larger in size and scale to the point where he couldn't help but be found out. In this case, the fact that Ms. Jones was found out was somewhat expected: she advanced to such a position of power within the institution that she was almost one of their public figures, which meant that her credentials would be under greater scrutiny.

Governments might change or new political parties might be elected, but the concern of the multinational corporation is the continuity of the set of rules or codes of behavior and the continuation of the rule of law—regardless of which government is in power.

Therefore, Market West accepted the corporation stock as partial debt. Hooper and Yoder agreed to add Brian Bradley who worked for Market West as the third director. Hooper colluded with Bradley and violated a fiduciary duty to Yoder by issuing 95 shares of stock to himself, 5 shares to Bradley, and none to Yoder. Furthermore, Hooper got paid $141,000 salary from the business without Yoder knowing. More importantly, Hooper and Bradly voted to force Yoder to leave the corporation. After Yoder found out that Hooper broke their agreement, violated Yoder’s rights and duties, acted dishonestly, and made unethical decisions, Yoder sued Hooper and Beautiful Daydreams in the District Court. Under the common law, with these facts, the court supported Yoder and ordered Hooper to give back one-half of the salary plus one-half of the shares of stock to Yoder.

Over the year’s organizations from, all parts of the world have experienced growth in the areas of business. Much of this growth is in part due to multinational companies, many of them enjoying significant benefits. One such area is investment, however it creates benefits for foreign MNCs, and it brings about concern. Perhaps the greatest fear. Fear concerning state owned corporations and the lack of effectiveness of legislation / regulatory enforcement.

This case study was a powerful example to illustrate the presence of ethics within the