State and Federal Government Regulations
Directions:
1. Look at the daily newspaper, use the internet to look up legal cases or refer to your text book as a resource to provide at least one example of an area pertaining to business that the State and Federal government both regulate.
2. Stated differently, give us an example of a subject area where there are federal laws or regulations as well as state laws and regulations. In the law we call this concurrent jurisdiction between federal and state governments. For example, look at the employment law area.
Ethics in Business
Directions:
1. View the video https://www.learner.org/series/ethics-in-america-ii/risk-reward-responsibility-ethics-in-business/Links to an external site.
2. According to the video, if you are a board member of a corporation, who do you owe your loyalty to? Please respond to one of the following questions:
Is there a difference between the company, the shareholders, or to society at large?
As business executives, can you engage in actions that are not illegal and that might help the company but you are personally offended by on moral grounds?
Do you find a difference between the two or three different scenarios presented in terms of how you would react? Why?
