If the state of California and the federal government both passed laws or regulations related to the sale of video games, which would prevail and why? Discuss the relationship between the states and the federal government, and which has priority. (TCO B) If Congress passed a law affecting products liability actions relating to single-engine airplanes that among other provisions, sets an 18-year statute of repose, and Cessna resumed production of several models of single-engine airplanes which had been stopped several years earlier, in part because of products’ liability exposure. Is this law ethical? Was this needed legislation, or was this a special favor given to one industry that makes a product known to lead to death and injury? How does the fact that flight training schools were unable to replace the single-engine planes they were using for training with newer ones affect your analysis? Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. 3. (TCO C) Contract law is a very basic and important part of both our everyday life, and the operation of the business world. List and define the three basic elements that are required to form a legally binding contract. 4. (TCO D) Discuss whether there should be a different standard of behavior in the workplace compared to personal relationships. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. 5. (TCO E) Should a drug manufacturer that holds a patent on a drug that is very effective for many AIDS patients be able to sell that drug well above its cost of production during the period of patent protection? If so, under what circumstances? Should these companies sell, or be required to sell, these drugs at lower prices to persons in poor nations that have a larger problem with AIDS than the United States? Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. 6. (TCO F) Discuss the Implied Warranty of Merchantability, Warranty of Fitness for a Particular Purpose, and the “as is” disclaimer. Analyze and evaluate the various issues presented while arguing and debating the connections between business, law, politics, and ethics. 7. (TCO G) In today’s business world in the United States, four alternate forms of business organizations tend to dominate our commercial activities: Sole Proprietorship (DBA); General Partnerships; Public Corporation (Inc.); and Limited Liability Company (LLC). List, compare, and discuss the factors that one considers in selecting one of these types of business organizations to form in starting a business.
This question was answered on: May 23, 2022
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