Explain the prevalent legal theories and definitions affecting business.

#1 Assignment Objectives
Understand basic legal issues facing today’s business leader, including employers’ social media policies.
Articulate one’s position with various diverse debate topics.
Explain the prevalent legal theories and definitions affecting business.
Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Corporations have a lot of influence over the economy, the community, and people. The traditional view of corporate responsibility is that a corporation has no additional social responsibility beyond making a profit for its shareholders. In more recent years, arguments have arisen with the belief that corporations have a high degree of social responsibility to people affected by the corporation’s decisions.
Case Example: Phishy Pharmaceuticals is a corporation that recently kicked off the sale of its new weight-loss pill, Lose It Fast. After three months of sales, the management team has received some troubling reports of some unanticipated side effects caused by the pill. The management team asks the accounting department to run some numbers to determine how much it would cost to recall Lose It Fast, to suspend manufacturing, and to conduct more tests to determine the pill’s safety and other possible side effects.
After running some numbers, the accounting department states that it would be more cost-effective to leave the product on the market shelves and propose settlement proceedings with anyone who is injured and initiates a lawsuit.
The corporate attorney has advised that the product states on the package that the pill is not FDA approved, and off-the-record has stated that everyone who buys a weight-loss product knows there are some risks involved, so it is likely that the majority of injured consumers will not initiate a lawsuit.
If you recall the product, it will result in a delay of dividends paid to shareholders and a loss in revenue, affecting shareholder profit. Consider the following questions regarding this example:
•What would you do, and why?
•Would you leave the product on the shelves because you feel your duty as a corporate manager is to maximize shareholder profits?
•Would you recall the product because you feel the corporation owes a duty to the public, consumers, and the government in terms of social responsibility?

#2 Assignment Objectives
Articulate one’s position with various diverse debate topics.
Use cases to evaluate and apply legal theories in support of his or her position.
Properly apply the laws regarding intellectual property as they relate to business and e-business.
Explain the prevalent legal theories and definitions affecting business.
Understand basic legal issues facing today’s business leader, including employers’ social media policies.

Library Research Assignment
Your supervisor has just met with a potential new client. You and two of your coworkers will be working directly with this client in helping to create and execute contracts. To refresh your skills and memory on contracts, your supervisor has asked you to write a memo of 600 words to provide to your coworkers and supervisor that discusses the following information:
•Identify, define, and discuss the six elements of a contract, providing examples to help further the understanding of each element.
•Conduct research online or in the library to find a case involving a contract dispute regarding one or more of the elements of a contract, and provide the following: ◦A citation
◦A summary analysis of the case, including information on the specific elements involved in the dispute as well as the outcome of the case
•Discuss your opinion on the outcome of the case. Do you agree with the court’s decision?
•Additionally, to help prepare for the Phases 4 and 5 Individual Projects, briefly define (1-2 sentences) a contractual concern related to the business that you would like to start.

#3Assignment Objectives
Explain the prevalent legal theories and definitions affecting business.
Use cases to evaluate and apply legal theories in support of his or her position.
Properly apply the laws regarding intellectual property as they relate to business and e-business.
Articulate one’s position with various diverse debate topics.
Understand basic legal issues facing today’s business leader, including employers’ social media policies.
The director of your department has requested that you conduct some research on the topic of cyber law or Internet law. He has asked you to draft a memo of 600 words or 4-5 PowerPoint slides, with speaker notes that includes the following:
•Research, identify, and discuss an emerging trend or legal issues involving cyber law or Internet law. Examples could include but are not limited to the following topics: ◦E-contracts
◦E-signatures
◦Cyber torts
◦The use of social networking for advertising
◦Social networking and employee restraints
◦Identify theft
◦Cyberstalking
•Research, identify, and summarize a specific legal case involving a cyber law issue. ◦The summary should include a good description of the facts of the case and the outcome (court’s ruling) of the case.
•Provide your opinion on the outcome of the case. ◦Do you agree with the court’s ruling, or do you feel that a different outcome would have been more justified? Why or why not?
•Include good research and references to discuss the cyber law issue identified, with appropriate APA citations and references.

#4 Assignment Objectives
Understand basic legal issues facing today’s business leader, including employers’ social media policies.
Articulate one’s position with various diverse debate topics.
Use cases to evaluate and apply legal theories in support of his or her position.
Explain the prevalent legal theories and definitions affecting business.
Properly apply the laws regarding intellectual property as they relate to business and e-business.
As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan proposal to organize all of your ideas. For this assignment, you will be submitting a business plan proposal outline for your imaginary business. For research purposes, you can choose any state for the location of your business. Your business plan outline should include the following:
•Introduction of the proposed business (200 words)
•Description and explanation of the type of business entity that is best for your business (200 words) ◦Your business should be a partnership, corporation, or another type (For this assignment, you should not choose a sole proprietorship for your business entity.).
◦Provide an explanation for your choice of business entity (advantages or disadvantages of the selected type of business entity).

•Description of the specific steps that need to be followed to successfully and legally start the business (500 words) ◦Steps will vary depending on the type of business that you choose.
◦Good sources of research for this area include the following: ◾Textbooks
◾State statutes (e.g., Chapters 47 and 48 of the South Dakota Codified Laws include information on the business formation process.)
◾The Small Business Administration Web site will be helpful because it includes information on how to start a small business.

•A draft of a valid contract with a vendor, supplier, customer, and so forth that illustrates all elements of a contract and takes into consideration some of the topics discussed in the contract chapters

#5 Assignment Objectives
Understand basic legal issues facing today’s business leader, including employers’ social media policies.
Explain the prevalent legal theories and definitions affecting business.
Articulate one’s position with various diverse debate topics.
Students are expected to post their responses to peers by Sunday. NOTE: All submission posting times are based on midnight Central Time.
Please provide a high-level summary of your Phase 4 Individual Project work to your classmates (100 words), and then post a response that includes the following:
•Discuss any possible ethical considerations for your business, including any social responsibility plans or attitudes that your business will embrace (300 words).

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