Solution Manual for The Legal Environment of Business, A Managerial Approach: Theory to Practice, 4th Edition

Solution Manual for The Legal Environment of Business, A Managerial Approach: Theory to Practice, 4th Edition transforms complex textbook material into simple, understandable content.

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Chapter 01-Legal FoundationsThe Legal Environment of Business, 4e________________ 1-1Chapter 1: LegalFoundationsCHAPTER OVERVIEWThis introductory chapter begins with a very broad based view of the legallandscape including a working definition of and purposes of the law, levels andsources of law (e.g., federal statutory), anintroduction to stare decisis, andcategories of law (e.g., criminal vs. civil). Equally important, this chapter sets thetone for the entire textbook and course by discussing and provides illustrations ofhow the law operates in abusinesscontext.Teaching Tip: Clean the slateStudents frequently have certain notions and pre-conceptions about the law andlegal terms that were generated primarily (or exclusively) by television, Websites, blogs, and folklore. Ask students to set aside any notions they have aboutwhat law is, howit operates, and the meaning of legal terms, so that they maystart the course with a clean slate.KEY LEARNING OUTCOMESOutcomeAccreditation CategoriesArticulate a working definition of and primarypurposes of the law,and identify sources, levelsand categories of law.KnowledgeExplain the importance of understanding the lawin the context of business decision-making andgives examples how the law impacts business.Application;Critical ThinkingProvide examples of how stare decisis mayimpact business planning.Application;Critical ThinkingTEACHING OUTLINEA.Introduction to LawPoints to emphasize:▪Law is abody of rulesof action or conduct prescribed by controllingauthority, and having legal binding force that create duties, obligations

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