MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (MindTap Course List)
10th Edition
ISBN: 9781337093842
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Videos
Question
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.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
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.
A.
adverse impact
B.
disparate treatment
C.
affirmative action
D.
negligent hiring
E.
employer responsibility
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
16. Explain what the supremacy clause of the U.S. Constitution stipulates in terms of federal and state laws and give a business example of the application of this clause.
17. Discuss the various regulatory shortcomings that incite companies in an industry to request regulatory reforms, and give a specific business example of this process.
18. What are the recommendations for regulatory reform?
19. Explain what antitrust means. Identify and explain at least 2 antitrust laws.
20. What is a Multinational Corporation (MNC)? Discuss the various stages of development that MNCs typically follow as they grow.
21. Explain what is meant by a direct foreign investment and give a business example of this concept.
Chapter 23 Solutions
MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (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
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 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 lawarrow_forwardIn a self-funded health plan for a commercial company, which entity bears the risk for the medical costs: A. Health Plan B. Federal Government C. Member D. The company purchasing the insurance 2. Under the essential benefits of the affordable care act, which benefit requires no cost sharing for the member (i.e., first dollar coverage): A. Emergency services B. Maternity services C. Laboratory services D. Preventive and wellness services 3. Language in provider contracts that automatically renew the agreement for additional term(s) would be found under which of the following contract clauses in a managed care agreement: A. For cause termination B. Indemnification C. Evergreen D. Utilization management 4. Payment by a health plan to a provider in a fee for service arrangement represents what to a provider: A. Cost B. Revenue C. Investment D. Reimbursement 5. Which of the following is not true of a self-funded plan: A. Health plan bears the risk for the medical cost B. Not regulated by…arrow_forwardScholastic is the exclusive publisher of the Harry Potter series in the United States because it owns the copyright to the books. Select one: A.Scholastic owns a key resource used to produce Harry Potter books. B. The government gives a single firm the exclusive right to produce Harry Potter books. C. None of the above. D.It is less expensive for one publisher to print Harry Potter books than for many producers to do The Aluminum Company of America (Alcoa), the sole producer of aluminum in the United States until the 1940s, controlled almost all sources of bauxite in the United States. Select one: A. Alcoa has control over a key resource B. It is less expensive for one producer to manufacture aluminum than for many producers to do so. C. The government gives Alcoa the exclusive right to produce aluminum D. None of the above.arrow_forward
- A few days before the end of the term of a two-year NDA (nondisclosure agreement) he signed witha startup company related to a possible patent, Frank interviewed with another startup and divulgedinformation covered by the agreement. The interview had been scheduled for a week later, in whichcase it wouldn’t have been an issue, but had been moved up when another job applicant dropped outand the company had an opening for an earlier interview. Frank reasoned that he had met the spiritof the NDA, and a few days early wouldn’t really matter. Besides, as it turned out, the company heinterviewed with wasn’t interested in that information, although they did hire him. What would youhave done if you were Frank?arrow_forwardPhillip is a broker who was hired by Sam to help him find a new investment property. Phillip identifies a property that fits Sam's investing criteria. Sam asks Phillip to do some research and provide him with an opinion of title on the property. Is Phillip permitted to do this? ○ No. This would be considered an unauthorized practice of law. No. Phillip needs his sales associates license in order to issue an opinion of title. Yes. Brokers are always permitted to issue an opinion of title. Yes. As long as Phillip notifies FREC, he can issue an opinion of title.arrow_forwardWhat is the Parol Evidence Rule? Please describe one circumstance in which you believe the rule should be followed and why? Please describe a circumstance in which you believe the rule should not be followed and why? Please not, this is business law question. Thank you.arrow_forward
- Which statement best describes the "Acts Discreditable Rule"? The rule applies to all AICPA members and relates to conduct that diminishes the accounting profession's reputation. Violation of the rule must be disclosed to all of the member's future clients and employers. The rule applies primarily to members in public practice who embezzle their client's money. A member is not in violation of this rule if the conduct was the result of an overly heavy workload.arrow_forwardBusiness Law true or false 1.) SEO's are search engines compile their results by looking through key words. 2.) The Stored Communication Act the unauthorized access to stored electronic communication. 3.) The differences between civil and criminal law are burden of proof and criminal sanction.arrow_forward1. The chief way that administrative agencies exercise real power is throughrule making, or deciding how a law will operate in practice.judicial interpretation, or mandating the constitutionality or unconstitutionality of a new statute.hiring and firing government personnel in the name of efficiency and effectiveness.testifying before Congress on the merits or demerits of a proposed regulation or law.None of the answers are correct.2. Which of the following is an inaccurate statement about Americans’ exposure to news?The Internet’s news content is the main reason why people make use of the Internet.Most people do not follow the news on a daily basis.People who follow the news closely are generally better informed about politics than those who do not.Young people are less likely than older people to follow the news closely.Americans today are getting their news from a wider variety of sources than they did a few decades ago.3. The writers of the Constitution used the term…arrow_forward
- Recording Under an Accident and Health policy, which of the following persons has the right to change the beneficiary? O A. Applicant Insured O B. O C. O D. Beneficiary Policyowner Chat Whiteboard Code 372-256-906arrow_forward(1) During the recent CoVid-19 pandemic, some employers mandated that all employees must be vaccinated to retain their jobs except the refusal is based on reasonable accommodation or pre-existing medical condition. · Give a comprehensive analysis of reasonable accommodation and pre-existing medical condition and state whether or not you think that the mandate was fair. (2) “If an employer plans to require its employees to get a COVID-19 vaccine, it should develop a written policy," · Develop a sample policy as a guide for employees to take the covid 19 vaccine.arrow_forwardABC was informed that a.major clientmay sue it due to a faulty productmodel. The next stepfor ABC wouldmost likely be: A. Control the risk by dissuading the clientB. Review its production controlsC. Assess the impact and likelihood of the law suitD. Identify the risk of being suedarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
What are administratve agencies; Author: The Business Professor;https://www.youtube.com/watch?v=dhAt9vBlv9A;License: Standard Youtube License
Linear Programming - Graphical Solution; Author: Don't Memorise;https://www.youtube.com/watch?v=qQFAvPF2OSI;License: Standard YouTube License, CC-BY