lOMoARcPSD|22278990 Assignment 7 - EL5732 (1) (1) Corporate Law (Pepperell High School) Studocu is not sponsored or endorsed by any college or university Downloaded by Ryann Deom (thegamerguy813@gmail.com) lOMoARcPSD|22278990 Assignment 7 (20 points) Assignment 7: Business and Society Instructions Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions In Section 7, you learned about business and society. Now, you'll apply what you learned. 1. Describe at least one global trend that you think offers a business opportunity in the global marketplace. (1-5 sentences. 2.0 points) One global trend that I think of as a business opportunity in the global marketplace is online sales. Online sales is a trend that has great potential and is changing the ways of marketing and consuming goods and services. 2. Describe at least three risks a company might face if it participates in global trade. (1-3 sentences. 3.0 points) Three risks a company might face if it participates in global trade are exchange rate risk, political risk, and shipping risk. 3. Describe the purpose of the SEC. (1-4 sentences. 2.0 points) The SEC demand and analyze financial disclosure by companies offering stocks, bonds, mutual funds, and other securities to the public 4. Go to the EPA Web site and learn about one of the environmental laws that may affect businesses. Explain the law and how it might affect a business. (1-4 sentences. 3.0 points) The Clean Air Act is a federal law that regulates air emissions from stationary and mobile sources. It can affect businesses because it is generally cheaper to release chemicals in the air without thinking about the environment’s protection or people’s health. Therefore, the businesses have to spend money to have adequate installations to comply with the regulations. 5. Choose a popular franchise, and visit the company's Web site to learn about its franchising policies. List at least three things you learned, such as costs franchisees must Page PAGE 1 | © Edgenuity Inc Downloaded by Ryann Deom (thegamerguy813@gmail.com) lOMoARcPSD|22278990 pay, or other rules or requirements. (1-3 sentences. 3.0 points) TIP: Popular franchises include McDonalds®, SUBWAY®, Dunkin' Donuts®, Cold Stone Creamery®, 7-Eleven®, Days Inn®, Great Clips®, Molly Maid®, and many more. I chose Subway and learned a few things. The First thing I learned is it costs around $100,050 - $342,400 to open a franchise, the initial fee is $15,000. The second thing I learned is that Subway franchisees pay 12.5% every week. The last thing is that it is possible to choose between two types of franchise stores, a traditional and a non-traditional one. 6. Describe a real or made up example of a contract that includes consideration. (1-5 sentences. 2.0 points) Consideration in a contract is something of value given in exchange for something else of value, usually in the context of a contract. It is the reason a contract is made. In a very simple example, Bob sells a boat to Ted for $20.000. In this case, Bob's compromise to sell the boat to Ted is his consideration and the $20.000 payment is Ted's consideration. 7. Describe a real or made up example of the tort of interference. (1-5 sentences. 2.0 points) Tortious Interference is the act of interfering with someone’s business by making a false claim that ultimately damages the business. In a simple example, If I punch someone in the nose that would be a tort, in this case, battery. 8. Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. Explain at least two things the company could do to help make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points) An employee could be dating or having a romantic relationship with a supervisor or subordinate. That could represent a conflict of interest, depending on the employees involved and their position in the company. One thing that a company could do, even though it is not the best option, is to clearly state in the hiring contract that any kind of romantic relationship between employees is forbidden, occurring in contract termination. Another solution, more adequate, is to have an active HR which make it clear the company values and culture, where the couple could officially inform that they are in a relationship without punishment and causing less disruption at work. Page PAGE 1 | © Edgenuity Inc Downloaded by Ryann Deom (thegamerguy813@gmail.com)
