Explain how the interests of two stakeholder groups could affect the decisions of a business
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- How do businesses handle disputes, such as contract disputes, employment disputes, and product liability claims, and what are the potential legal and financial consequences of these disputes?In what ways do Property Rights and Principal Agent theories help explain the development of the firm? How may these ideas be linked to the low cost airline industry?Discuss what it means to practice good business ethics, and highlight the forces that can influence ethical decision-making.
- What are some effective strategies for resolving disputes between business partners or shareholders?How do ethics impact decision making with small business owners ?Discuss how a development in a corporation’s natural and societal environments can affect the corporation through its task environment.
- How does the application of Antitrust Law impact strategic decision-making and competitive practices within the realm of business management?Determine the importance of ethics and ethical decision-making in management.Discuss what it means to practice good business ethics,and highlight three factors that influence ethical decisionmaking
- How does the legal environment, including laws and regulations, influence the operations and decision-making of businesses?How does the political and legal environment impact businesses, and what are some key factors to consider in this regard?How does an effective system of law provide a better environment in which businesses can operate successfully? How does this compare to situations in which there is little effective law governing business relations?