Chapter 5 Legal And Ethical Responsibilities8 min read

Chapter 5 of the book “Business Law” discusses the legal and ethical responsibilities of business. The author, Richard A. Mann, lays out specific laws and regulations that businesses must adhere to, as well as the ethical principles that guide moral decision-making in business.

One of the most important laws that businesses must comply with is the Fair Labor Standards Act of 1938 (FLSA). The FLSA sets the minimum wage and overtime pay requirements for employees in the United States. Businesses must also comply with the National Labor Relations Board (NLRB) regulations, which protect the rights of employees to unionize and engage in collective bargaining.

In addition to federal laws, businesses must also comply with state and local laws. For example, businesses in California must comply with the California Labor Code, which sets forth specific requirements for wages, hours, and working conditions.

Businesses must also adhere to ethical principles when making decisions. The most important ethical principle in business is the principle of honesty. Businesses must be truthful in their advertising and in their dealings with customers, employees, and suppliers.

Businesses must also comply with regulations governing the environment. For example, businesses must comply with the Clean Air Act and the Clean Water Act. Businesses that operate in other countries must also comply with the laws and regulations of those countries.

The legal and ethical responsibilities of businesses can be complex and confusing. It is important for businesses to consult with an attorney to ensure that they are in compliance with all applicable laws and regulations.

What are legal and ethical responsibilities?

Every day, people are faced with legal and ethical decisions. What are the legal and ethical responsibilities of a business? What are the legal and ethical responsibilities of a parent? What are the legal and ethical responsibilities of a citizen?

There is no one answer to this question. The legal and ethical responsibilities of a person or business can vary depending on the situation. However, there are some general principles that apply in most cases.

The legal responsibility of a person or business is to obey the law. The ethical responsibility of a person or business is to act in accordance with the principles of morality and ethics.

Sometimes these two responsibilities can clash. For example, a business may be required by law to disclose certain information to the government, even if that information is confidential and ethically sensitive. In such cases, the business must weigh the benefits of obeying the law against the benefits of protecting the privacy of its customers or employees.

There are also times when the law requires a person or business to do something that is unethical. For example, a business may be required to fire an employee for violating a company policy, even if the employee has done nothing wrong. In such cases, the business must decide whether to obey the law or to do what is morally right.

Ultimately, the legal and ethical responsibilities of a person or business depend on the situation. However, the general principle of obeying the law and acting in accordance with morality and ethics applies in most cases.

What are ethical responsibilities quizlet?

What are ethical responsibilities quizlet?

A quizlet is a learning tool that helps students learn and remember information. It is a set of flashcards that can be used online or on a mobile device.

There are many different quizlets on different subjects. Some quizlets are made for students to test their knowledge, while others are made for educators to help students learn.

There are also ethical responsibilities that come with creating and using quizlets. Some of these responsibilities include ensuring that the quizlet is accurate and educational, and ensuring that the quizlet is not used to harm students.

It is important to be aware of these responsibilities when creating and using quizlets.

What legal mandate must be followed when a contract is explained to someone who does not speak English?

When a contract is explained to someone who does not speak English, a legal mandate must be followed to ensure that the person understands the contract. This mandate is called the “Miranda Rights” in the United States, and it dictates that the person must be informed of their rights, including the right to an attorney. The person must also be informed of the consequences of signing the contract.

What information is considered exempt from privileged communications laws Group answer choices?

What information is considered exempt from privileged communications laws Group answer choices?

There are several types of information that are considered exempt from privileged communications laws. These include, but are not limited to, information that is classified, information that is protected by trade secrets, and information that is protected by attorney-client privilege.

Classified information is information that is protected by law because its release could threaten national security. This type of information is not subject to the Freedom of Information Act (FOIA), and the government can refuse to release it to the public even if the information is not technically classified.

Trade secrets are information that is protected by law because its release could harm the company that owns the information. This type of information is not subject to the Freedom of Information Act (FOIA), and the company can refuse to release it to the public.

Attorney-client privilege is information that is protected by law because its release could damage the attorney-client relationship. This type of information is not subject to the Freedom of Information Act (FOIA), and the attorney can refuse to release it to the public.

What are the legal responsibilities?

Every business has certain legal responsibilities that it must adhere to. These responsibilities can vary depending on the size and type of business, but there are some common ones that all businesses must comply with.

The most important legal responsibility for any business is to ensure that all of its activities are conducted in accordance with the law. This includes obeying all relevant regulations and ensuring that all employees are aware of and comply with the company’s policies and procedures.

Businesses must also ensure that they are not in breach of any contracts they have with other businesses or individuals. This includes making sure that all payments are made on time and that any warranties or terms and conditions of sale are complied with.

Another important legal responsibility for businesses is to protect the privacy of their customers. This includes ensuring that customer data is securely stored and that only authorised employees have access to it. Businesses must also ensure that they do not contact customers who have asked not to be contacted.

Finally, businesses must take out appropriate insurance to protect themselves against any potential liabilities. This includes insurance for property damage, liability, legal expenses, and any other potential risks.

What are the ethical responsibility?

What are the ethical responsibility of a journalist?

This is a difficult question to answer, as there are no definitive guidelines that dictate what is and is not ethical journalism. However, there are a few general principles that most journalists try to adhere to.

First and foremost, journalists have a responsibility to report the truth. This means accurately reporting the facts, without exaggeration or fabrication. It also means presenting all sides of a story fairly and accurately, without bias.

Journalists also have a responsibility to protect their sources. This means keeping the identities of sources confidential, unless the source gives permission to reveal their identity.

Finally, journalists have a responsibility to act ethically and responsibly in all their dealings. This includes not engaging in unethical practices such as paying for stories or accepting bribes.

How are ethical responsibilities different from legal responsibilities quizlet?

It’s important to understand the difference between ethical and legal responsibilities when it comes to business. While ethical responsibilities are voluntary, legal responsibilities are mandatory.

Ethical responsibilities are based on moral principles. They are set by individuals or organizations to define what is right or wrong. They are not legally binding, but can be enforced through public opinion or social pressure.

Legal responsibilities are based on laws and regulations. They are set by governments and are mandatory. Breaking the law can result in punishment, such as fines or imprisonment.

There is a lot of overlap between ethical and legal responsibilities, and in many cases, the two are the same. For example, a company’s ethical responsibility to protect customer data is also its legal responsibility. However, there are some cases where the two diverge.

For example, a company might have a legal responsibility to pay its employees a certain wage, but it may not have an ethical responsibility to do so. Similarly, a company may have a legal responsibility to recycle its waste, but it may not have an ethical responsibility to do so.

It’s important to be aware of the difference between ethical and legal responsibilities, and to make sure you are fulfilling both. Failing to meet your legal responsibilities can have serious consequences, while failing to meet your ethical responsibilities can damage your reputation and lose you customers.