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Business: Its Legal, Ethical, and Global Environment

By Marianne M. Jennings

13th Edition © 2027
Discipline:Business Law
Course:Legal Environment of Business
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Jennings' "Business: Its Legal, Ethical, and Global Environment," 13th Edition, continues its focus on teaching students law and ethics using cases with compelling factual situations and problems and features that draw from what’s trending online, in business and in current events. There are major content changes in this edition because the law has changed in so many areas and the types and numbers of ethical issues have grown. New content, including statutes, cases and examples, makes this edition much more than a routine update. There are new segments of material and chapter restructuring to integrate all the changes.

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About this product

Jennings' "Business: Its Legal, Ethical, and Global Environment," 13th Edition, continues its focus on teaching students law and ethics using cases with compelling factual situations and problems and features that draw from what’s trending online, in business and in current events. There are major content changes in this edition because the law has changed in so many areas and the types and numbers of ethical issues have grown. New content, including statutes, cases and examples, makes this edition much more than a routine update. There are new segments of material and chapter restructuring to integrate all the changes.

Each chapter contains a biography, presenting business history through the study of individuals and companies involved with the area of law and ethics covered in the chapter.

Each chapter contains at least one "For the Manager’s Desk" feature. These readings provide students the opportunity to see how business interrelates with ethics and law.

The ". . . & the Law" feature further integrates law and ethics with the other silos of business such as economics, human resources, public policy, strategy and finance.

The "Consider . . ." feature, often based on real court cases, asks students to evaluate and analyze the legal and ethical issues discussed in the preceding text.

Table of contents

Chapters

Cover Page
Title Page
Copyright Page
Preface
About the Author
Acknowledgments
Part 1. Business: Its Legal, Ethical, and Judicial Environment
Part 2. Business: Its Regulatory Environment
Part 3. Business Sales, Contracts, and Competition
Part 4. Business Management and Governance
Appendix A. The United States Constitution
Appendix B. The Foreign Corrupt Practices Act (Excerpts)
Appendix C. Dodd-Frank (Wall Street Reform and Consumer Financial Protection Act) Key Provisions of the 1934 Securities Exchange Act
Appendix D. The Securities Act of 1933 and the Securities Exchange Act of 1934 (Excerpts)
Appendix E. Sarbanes-Oxley Key Provisions (Excerpts)
Appendix F. The Copyright Act (as Amended) (Excerpts)
Appendix G. Title VII and the Civil Rights Act (Employment Provisions) (Excerpts)
Appendix H. The Americans with Disabilities Act (Excerpts)
Show more

Part 1. Business: Its Legal, Ethical, and Judicial Environment

Chapter 1. Introduction to Law
Preview this section ↗
1-1. Definition of Law ↗
1-2. Classifications of Law ↗
1-2a. Public v. Private Law ↗
1-2b. Criminal v. Civil Law ↗
1-2c. Substantive v. Procedural Law ↗
1-2d. Common v. Statutory Law ↗
1-2e. Law v. Equity ↗
1-3. Purposes of Law ↗
1-3a. Keeping Order ↗
1-3b. Influencing Conduct ↗
1-3c. Honoring Expectations ↗
1-3d. Promoting Equality ↗
1-3e. Law as the Great Compromiser ↗
1-4. Characteristics of Law ↗
1-4a. Flexibility ↗
1-4b. Consistency ↗
1-4c. Pervasiveness ↗
1-5. The Theory of Law: Jurisprudence ↗
1-5a. The Theory of Law: Positive Law ↗
1-5b. The Theory of Law: Natural Law ↗
1-5c. The Theory of Law: The Protection of Individuals and Relationships ↗
1-5d. The Theory of Law: The Social Contract ↗
1-6. Sources of Law ↗
1-6a. Constitutional Law ↗
1-6b. Statutory Law at the Federal Level ↗
1-6c. Statutory Law at the State Level ↗
1-6d. Local Laws of Cities, Counties, and Townships ↗
1-6e. Private Laws ↗
1-6f. Court Decisions ↗
1-7. Introduction to International Law ↗
Summary ↗
Key Terms ↗
Questions and Problems ↗
Economics, Ethics, & the Law ↗
Chapter 2. Business Ethics and Social Responsibility
2-1. What Is Ethics?
2-1a. “It’s Just Not Right!”
2-1b. Normative Standards: How We Behave to Keep Order
2-1c. Line-Cutting and Ethics
2-2. What Is Business Ethics?
2-2a. Ethical Standards: Positive Law and Ethics
2-2b. Ethical Standards: Natural Law and Ethics
2-2c. Ethical Standards: Moral Relativism and Ethics
2-2d. Ethical Standards: Religion and Ethics
2-3. What Are the Categories of Ethical Dilemmas?
2-3a. Taking Things That Don’t Belong to You
2-3b. Saying Things You Know Are Not True
2-3c. Giving or Allowing False Impressions
2-3d. Buying Influence or Engaging in Conflict of Interest
2-3e. Hiding or Divulging Information
2-3f. Taking Unfair Advantage
2-3g. Committing Acts of Personal Decadence
2-3h. Perpetrating Interpersonal Abuse
2-3i. Permitting Organizational Abuse
2-3j. Violating Rules
2-3k. Condoning Unethical Actions
2-3l. Balancing Ethical Dilemmas
2-4. Resolution of Business Ethical Dilemmas
2-4a. Blanchard and Peale
2-4b. The Front-Page-of-the-Newspaper or Now-Trending Test
2-4c. Laura Nash and Perspective
2-4d. The Wall Street Journal Model
2-4e. Other Models
2-5. Why We Fail to Reach Good Decisions in Ethical Dilemmas
2-5a. ”Everybody Else Does It”
2-5b. ”If We Don’t Do It, Someone Else Will”
2-5c. “That’s the Way It Has Always Been Done”
2-5d. “We’ll Wait Until the Lawyers Tell Us It’s Wrong”
2-5e. “It Doesn’t Really Hurt Anyone”
2-5f. “The System Is Unfair”
2-5g. “I Was Just Following Orders”
2-5h. “You Think This Is Bad, You Should Have Seen …”
2-5i. “It’s a Gray Area”
2-6. Social Responsibility: Another Layer of Business Ethics
2-6a. When Shareholder Interests and Societal Interests Seem to Be at Odds
2-6b. Ethical Postures for Social Responsibility
2-6c. The ESG Movement (Environmental, Social Issues, and Corporate Governance)
2-7. Why Business Ethics?
2-7a. Personal Accountability and Comfort: Business Ethics for Personal Reasons
2-7b. Importance of Ethics in Business Success and the Costs of Unethical Conduct
2-7c. Ethics as a Strategy
2-7d. The Value of a Good Reputation
2-7e. Leadership’s Role in Ethical Choices: The Regulatory/Litigation Cycle
2-8. Explain the Components of an Ethical Culture in a Business and How It Is Created
2-8a. Ethical Culture Infrastructure: The Basics
2-8b. Ethical Culture Strategies for Encouraging Employees to Speak Up
2-8c. Ethical Culture Mandated by Federal Legislation and Regulation on Speaking Up
2-8d. Ethical Culture: The Tone at the Top
2-8e. Ethical Culture: Developing an Ethics Stance
2-8f. Ethical Culture: Being Careful About Pressure and Signals
2-9. Customs, Laws, and Adjustments in International Business
2-9a. Cultures, Laws, and Standards in International Business
2-9b. Economics, Ethics, and Stability
Summary
Key Terms
Questions and Problems
Economics, Ethics, & the Law
Chapter 3. The Judicial System
3-1. Types of Courts
3-1a. Trial Courts
3-1b. Appellate Courts
3-2. How Courts Make Decisions
3-2a. The Process of Judicial Review
3-2b. Checking for Error
3-2c. Statutory Interpretation
3-2d. The Doctrine of Stare Decisis
3-3. Parties in the Judicial System (Civil Cases)
3-3a. Plaintiffs
3-3b. Defendants
3-3c. Lawyers
3-3d. Lawyers Around the Globe
3-3e. Judges
3-3f. Name Changes on Appeal
3-4. The Concept of Jurisdiction
3-4a. The Federal Court System
3-4b. The Structure of the Federal District Court System
3-4c. The Importance of Federal District Court Decisions
3-4d. The Appellate Level in the Federal System
3-4e. The U.S. Supreme Court
3-4f. The State Court Systems
3-4g. Venue
3-5. In Personam Jurisdiction of Courts: The Authority over Persons
3-5a. Ownership of Property Within the State
3-5c. Long-Arm Statutes: The Tools of Minimum Contacts
3-5c. Internet Companies and Long-Arm Jurisdiction
3-6. The International Courts
3-6a. The International Court of Justice
3-6b. Other International Courts
3-6c. Jurisdictional Issues in International Law
3-6d. Conflicts of Law in International Disputes
Summary
Key Terms
Questions and Problems
Ethics & the Law: When the Whistleblower is Sacked
Chapter 4. Managing Disputes: Alternative Dispute Resolution and Litigation Strategies
4-1. What Is Alternative Dispute Resolution?
4-2. Arbitration
4-2a. Nature of Arbitration
4-2b. Binding v. Nonbinding
4-2c. Mandatory Arbitration Clauses: Creation and Who Is Bound by Them—The Expansion of Mandatory Arbitration
4-2d. Some Mandatory Arbitration Exemptions
4-2e. Contract Terms, Parties, and Arbitration
4-2f. Arbitration Procedures
4-3. Other Methods of Alternative Dispute Resolution
4-3a. Mediation
4-3b. Medarb
4-3c. The Minitrial
4-3d. Rent-a-Judge
4-3e. Summary Jury Trials
4-3f. Early Neutral Evaluation
4-3g. Peer Review
4-3h. Resolution of International Disputes
4-4. Litigation v. ADR: The Issues and Costs
4-4a. Speed and Cost
4-4b. Protection of Privacy
4-4c. Creative Remedies
4-4d. Judge and Jury Unknowns
4-4e. Absence of Technicalities
4-5. When You Are in Litigation
4-5a. How Does a Lawsuit Start? Why Litigate?
4-5b. The Complaint (Petition)
4-5c. The Summons
4-5d. The Answer
4-5e. Seeking Timely Resolution of the Case
4-5f. How a Lawsuit Progresses: Discovery
4-5g. Resolution of a Lawsuit: The Trial
4-6. Issues in International Litigation
Summary
Key Terms
Questions and Problems

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