Business Law and Ethics
For any business or for that matter for any task, the ethics and laws or rules are very important; without the ethics and laws the things would go haphazardly, without any direction resulting in chaos. Any business or organization never wants any kind of chaos in its operation or working that why is why there are business laws and ethics to streamline the processes. Business laws are the laws that applies to business entities, business laws ensures that the business runs smoothly and is under rules and regulations. The business law covers everything such as business formation, mergers, contract, and acquisitions to name a few. Business law has some essential compositions such as employment law, environmental law, tax law, contract law and so on. The main idea of the business law and ethics is to ensure that there is smooth running of business wherein all the employees are well aware about the laws and ethics and all the people from top to bottom working for the benefit of the company are abide by the laws and ethics. Business laws and ethics are the base of any company. As important is for a company to formulate and follow the law so is the ethics. The ethics is word which differentiates the right and wrong. A company with firm laws and ethics always rise as there is no case of dispute either between the workers or top management, corporate and government or company or consumer.
Difficulties encountered in writing Business Law and Ethics assignment/assessments?
Speaking or discussing about the business law and ethics is one thing and studying it as a subject is another. The business law and ethics are the two different areas which are merged together because of the reason they complement each other. For students it is quite tough to understand the subject. There are many laws which the students have to understand and remember for the assignments or assessments. The students are given different case studies where they have to apply different laws to come up with the best possible solution. The situations of dispute between the mid level workers and the top management or the situation arising due to taxation dispute, all are covered under the business laws and ethics; indeed it is very vast subject. Each assignment requires a lot of brain storming and ample of time to come up the best solution which safeguards the interest of the company. It is required that the students give the elaborative reply highlighting the complete scenario, also the students sometimes gets confuse about applying the type of law or at time is not able to understand the complex situation The importance of the subject and its implications has made it as one of the most desirable job opportunity. Any company whether in small scale or large scale prefers a business laws and ethic department so as to run the business smoothly? That is why it is very important for the students to study the subject and score the decent grades.
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