Upon successful completion of this course, the student will be able to:
1. Identify legal issues in the context of a business decision, and prioritize the necessity of seeking competent legal advice in response to the issue.
2. Evaluate the basic principles of the United States’ legal system, from the U.S. Constitution through statutes and regulation, including dispute resolution options and processes, and the ethical and legal environment in which business transactions are completed. Discuss the court system, the legal process, and how legal sources affect regulation.
3. Evaluate how substantive law and the public interest in ethical practices are linked to regulations and ethical expectations. Distinguish and contrast the concepts and procedures between criminal sanctions and civil liability.
4. Explain the contract formation process (i.e., offer, agreement, and consideration), as well as issues of contract performance and remedies.
5. Describe available business structure options, such as partnerships and corporations, and the various aspects of agency.
6. Discuss major federal laws regulating employee rights and treatment/welfare, including discrimination, environmental matters, and workplace safety and security.
7. Explain key labor relations issues such as at-will employment, union organizing, unfair labor practices, and the collective bargaining process.
8. Articulate an understanding of the function of statutes and regulations as accountability structures and constraints upon management with a view to implementing policies compatible with those structures and constraints.
9. Evaluate the ethical and legal rights and duties of present or future business owners, consumers and workers.
10. Analyze the performance of the regulatory apparatus surrounding business.11. Assess how government policy towards business is formulated and influenced by economic, social, and political considerations.
12. Analyze how ethical viewpoints and legal environments vary across different cultures and countries, and how they evolve chronologically.