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BUS-3660 Lecture Notes - Precedent, Ratio Decidendi, Canada Border Services Agency

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burgundywhale514

6 Oct 2011

School

University of Winnipeg

Department

BUSINESS AND ADMINISTRATION

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Professor

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Document Summary

27. 330 commercial law (september december 2001) (prof. john harrison) A set of rules come together with a set of sanctions for those who don"t follow. A set of rules & principles guiding conduct in society. A code of behaviour: help keep the order, necessary for protection of persons and property, gives gov"t power to act for the benefit of society. Business law set of established rules governing commercial relationships, including the enforcement of rights (must follow rules") Commercial relationships business 2 business; business to customer; etc. *law of man not supposed to be broken if is, consequences. Knowledge of law is a business asset assists owners and managers in reaching goals. What is civil law: has 2 different meanings, it depends on the context. Refers to private law (see notes on substantive and procedural law) Refers to the civil law system of law (see notes on civil law system) Domestic law internal law of given country (statute law, common law)

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Related Questions

What explains the difference between retail and commercial banking?

A) Commercial banks loan money to small businesses, while retail banks loan money to large corporations.

B) Retail banks loan money to small businesses, while commercial banks loan money to large corporations.

C) Commercial banks help small businesses make capital purchases, while retail banks help big businesses invest.

D) Retail banks help big businesses make capital purchases, while commercial banks help consumers invest.

The term business ethics is best described by the following statement:

a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.

b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards, and rules of conduct."

c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession."

d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.

e. It comprises the principles, values, and standards that guide behavior in the world of business

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Which of the following statements is true of business ethics?

a. Ethical behavior can not only enhance a company's reputation but can also drive profits.

b. Conducting business in an ethical manner does not influence the financial performance of a company.

c. Social responsibility is directed only toward a company's customers and not its employees.

d. Social responsibility in business is less important than satisfying shareholders.

e. Business ethics is not relevant to nonprofit organizations.

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