Management and Organizational Studies 2275A/B Chapter 1-8: bus law midterm review

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

The law affects most business decisions(cid:830)from development of the basic business idea through to its implementation, and all the attendant matters in between, including financing, hiring, production, marketing, and sales. Knowledge of the law is a business asset that can assist owners and managers in reaching their goals and objectives. Business law- a set of established rules governing commercial relationships, including the enforcement of rights. The law is a set of rules and principles intended to guide conduct in society, primarily by protecting persons and their property, facilitating personal and commercial interactions, and providing mechanisms for dispute resolution. Those who violate the criminal code of canada such as by assaulting someone are subject to. As another example, businesses are legally required to adequately protect their customers" criminal sanctions, such as fines or imprisonment personal information due to the regime established by the personal information protection and.