Eric Collins
1/20/16
BUS225
Unit 1 Review
Unit 1 Review Assignment
Part 1
You should work on this assignment as you complete your reading assignment. Avoid copying directly from the text; your responses should be in your own words. Please write in complete sentences.
Chapter 2
1. How does your textbook define the legal environment of business defined?
The legal environment of business refers to the code of conduct that defines the legal boundaries for business activity.The legal environment of business refers to the code of conduct that defines the legal boundaries for business activity.The legal environment of business refers to the code of conduct that defines the legal boundaries for business activity.
2. Distinguish between the pairs of terms in each of these classifications of law:
A. public law, private law
Public law deals with issues that affect the general public or state - society as a whole. Private law affects the rights and obligations of individuals, families, businesses and small groups and exists to assist citizens in disputes that involve private matters.
B. felonies, misdemeanors
Misdemeanors are generally considered less serious crimes. Common examples include minor thefts, certain traffic offenses, and many minor drug offenses. Felonies are the most serious type of crime and are usually classified by degrees, with a first degree felony being the most serious. Examples of felonies include murder, aggravated or grand theft, and rape.
Chapter 3
3. Define the term jurisdiction.
Power of a legal agency to use its authority over a person, subject matter, or territory.
4. Briefly explain the differences between the Federal Court System and the State Court System.
State courts have broad jurisdiction, so the cases individual citizens are most likely to be involved include cases such as robberies, traffic violations, broken contracts, and family disputes. Federal court jurisdiction, by contrast, is...