BTC1110 Study Guide - Final Guide: Pearson Education, Canadian Business, Business Ethics
11 Nov 2018
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Law is essential to any society in that it provides the rules by which people and businesses interact. Law affects almost every function and area of business. At all stages of business, running afoul of the law can hurt a business, while playing within the boundaries of the law can help the business to succeed. For this reason, accountants, who play a key role in almost every aspect of operations, must have a solid working knowledge of the law. Soberman, easson, and mcgill describe what law does, which is to set standards of behaviour that are enforced by government, and also by individuals and groups with the help of government. 5. 1 mitchell mcinnes, ian r. kerr, and j. anthony vanduzer, managing the law: the legal aspects of. Doing business, third edition, (toronto: pearson canada, 2011), p. 2. 3 richard a. yates, legal fundamentals for canadian business, second edition, (toronto: pearson.
