These forces influence the organization by affecting the price and availability of resources and the prices
at which an organization can sell products and services: Economic forces
Proposed by Frederick Taylor, this approach requires managers to use scien
Chapter 10 Agreement
a. The words agreement and contract are often used interchangeably.
b. An agreement is a voluntary exchange of promises between two or more legally
competent persons to do, or refrain from doing, an act.
i. An agreement r
Chapter 11 Consideration and Promissory Estoppel
a. Consideration must be given before a contract can exist.
i. Consideration is defined as something of legal value given in exchange for
ii. Consideration can come in many forms
Chapter 17 E-Commerce and Digital Law
a. The Internet is a collection of millions of computers that provide a network of
electronic connections between the computers.
i. Hundreds of millions of computers are connected to the Internet.
Chapter 14 Statute of Frauds and Equitable Exceptions
A. Statutes of Frauds and Equitable Exceptions
a. Every U.S. state has enacted a Statute of Frauds that requires certain types of
contracts to be in writing.
i. This statute is intended to ensure that
Chapter 15 Third-Party Rights and Discharge
A. Assignment of a Right
a. In many cases, the parties to a contract can transfer their rights under the contract
to other parties. The transfer of contractual right is called an assignment of rights
or just an
Chapter 7 Intellectual Property and Cyber Piracy
A. Intellectual Property
a. Intellectual Property is a term that describes property that is developed through
an intellectual and creative process.
i. Intellectual property falls into a category of property
Chapter 12 Capacity and Legality
A. Introduction to Capacity and Legality
a. Generally, the law presumes that the parties to a contract have the requisite contractual
capacity to enter into the contract.
i. Certain persons do not have this capacity, howev
Chapter 8: Criminal Law and Cyber Crimes
A. Introduction to Criminal Law and Cyber Crimes
a. For members of society to peacefully coexist and commerce to flourish, people and their
property must be protected from injury by other members of society.
Chapter 16 Remedies for Breach of Traditional and E-Contracts
A. There are three levels of performance of a contract: complete, substantial, and inferior.
a. Various remedies may be obtained by a nonbreaching party if a breach of
contract occurs that is,
The current employees of a company are part of what type of environment for the
organization? Internal Environment
Starbucks expanded into the European market with packed stores in Germany and the U.K., but
its sales and rofits in French stores were disap
Originating in other countries, this dimension can influence all other dimensions in the general
environment. International dimension
All of the resources of the planet and their conservation fall into this dimension Natural
Founded in 2007, Zynga Inc. is the worlds leading provider of social gaming services.
Riding on the heels of social media giant Facebook, Zynga is highly dependent on Facebook
subscribers thus raising the question, is their business model sustainable? Ini
Grow by international expansion
Business should seriously consider expanding operations into other countries
Two forms expansion:
1. Direct foreign investment.
2. Exporting goods from home country to international markets.
2. Engaging in dire
This ethical code says that people should do whatever is right for them personally in the long
run. Individualism approach
This idea of justice says that right and wrong are in balance, and that when something wrong
occurs, an action must be taken to make
A company in this stage makes and sells product or service in only one country. Domestic stage
This strategy only involves selling products outside of ones home country Exporting
This strategy involves purchasing a foreign company and operating it under t
What type of law deals with values and standards which are written into the law and which are
enforceable in the courts? Codified Law
Harry Stonecipher, the former CEO of Boeing, had a consensual extramarital affair with a female
executive and was replace
The unwritten, common rules and perceptions about relationships among people and between
employees and management refer to the social contract: True
Glenn Rink, founder of Abtech Industries, used the drop back and punt method when his product of olspill a
1. One result of globalization is that countries, businesses, and people become more
2. Vladimir is a manager at an automotive plant in the United States. His company has realized it
needs to think globally since the whole world is a
A manager typically spends the least amouth of time: in quiet reflection alone in office
Which of the following terms best describe a managers work: brief, varied
Mintzberg placed managerial work roles into which of the following caterogires? Interpersona
Attainment of company goals in both an effective and efficient manner through planning, organizing,
leading, and controlling is called : management
How could a new manager use Vineet Nayars principle of employees first, customers second (EFCS)?:
Leadership Behavior and Subordinate
Performance: An Empirical Analysis
By: Brian Day, Tara Conn, Alisha Harbour,
Nicole Reed & Jason Trador
Leadership Behavior and Subordinate Performance: An Empirical Analysis
The success of every organization depends on