Cengage Advantage Books: Foundations of the Legal Environment of Business, 3rd Edition

Marianne M. Jennings

Copyright 2016
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Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition by Marianne M. Jennings

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Overview
Meet the Author
What's New
Features
Table of Contents
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Overview

Using an integrated approach, FOUNDATIONS OF THE LEGAL ENVIRONMENT OF BUSINESS, 3E thoroughly explores the intersection of law, business strategy, and ethics. Authored by a renowned scholar of business ethics, this concise legal environment text covers all core topics and fulfills current curricular and AACSB accrediting standards. The third edition features intriguing examples of legal and ethical issues pulled straight from the news and pop culture, and the author's KnowNow blog gives you access to hundreds of additional examples and pending cases. All-new cases have been strategically chosen to integrate multiple chapter concepts. In addition, new self-graded quizzes at the end of each chapter enable students to check how well they read and understood chapter material. With more than 200 real-world cases and critical-thinking exercises, this student-friendly textbook helps students define their ethical compass within the business world.

Meet the Authors

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Marianne M. Jennings

Professor Marianne M. Jennings, emeritus professor of legal and ethical studies, taught at the WP Carey School of Business, Arizona State University, from 1977 through 2019. She was named professor of the year in the College of Business in 1981, 1987, 2000 and 2010 and was the recipient of a Burlington Northern teaching excellence award in 1985. She taught in ASU’s CPA Review course and CPAExcel Review course from 1984–2023. Professor Jennings earned her undergraduate degree in finance and her J.D. from Brigham Young University and has been a member of the Arizona and Federal Bars since 1977. She has four textbooks and five monographs in circulation in the areas of business law, business ethics, ethical culture and legal environment. She was director of the Lincoln Center for Applied Ethics from 1995 to 1999. Professor Jennings has authored hundreds of articles in academic, professional and trade journals. She is a contributing editor for the Real Estate Law Journal. She was a contributing editor for Ethikos from 2019–2021. She served on the Board of Editors for the Financial Analysts Journal from 2007–2012. She served as editor-in-chief of the Journal of Legal Studies Education during 2003–2004. During 1984–85, she served as then-Governor Bruce Babbitt's appointee to the Arizona Corporation Commission. In 1999, she was appointed by then-Governor Jane Dee Hull to the Arizona Commission on Character. Her columns have been syndicated around the country and her work has appeared in the Wall Street Journal, the Chicago Tribune, the New York Times, Washington Post and the Reader's Digest. A collection of her essays, "Nobody Fixes Real Carrot Sticks Anymore," first published in 1994, is still being published. She was a contributing editor of Corporate Finance Review from and Real Estate Law Journal. Two of her books have been named Library Journal ’s book of the year.

What's New

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End-of-Chapter Review Questions: Every chapter now ends with all-new multiple-choice review questions. Offering five to ten questions, these short quizzes allow students to check how well they have read and understood chapter material. Answers are provided at the end of the quiz. Questions are structured to walk students through each major topic in the chapter so that they can easily refer back to a section and review the material. Some questions are simply knowledge review, but many include factual scenarios that require application skills.
Updated Features and Problems: Each chapter contains at least one new end-of-chapter Problem as well as a new "Consider…" or "Ethical Issue" feature. Examples include Lance Armstrong's rationalizations about why he continued to cheat, ethical issues on films such as "The Wolf of Wall Street," legal issues with an Oscar-winning director concerned about government requests for information about her film "Zero Dark Thirty," a KPMG partner who passed along information about audit clients to a friend so that the friend could trade on the clients' stock before the information became public, and Courtney Love's libel suit for her Twitter remarks about a dress designer.
Up-to-the-Minute Examples: The text's innovative KnowNow blog offers hundreds of current examples and pending cases to pique student interest and get students discussing and applying the law to real-world cases.
Updated Law: The third edition's coverage of updates to the law includes the addition of Dodd-Frank materials in the securities law sections and consumer credit discussions; provisions of the JOBS Act; the Supreme Court's evolution on Commerce Clause issues, new decisions on affirmative action, and the right of a corporation to challenge a law on the basis of its owners' religious beliefs; and changes in the 1933 Securities Act primary offering and registration section to reflect changes made to allow businesses to raise capital more easily.
Chapter 6, "International Law," includes a new emphasis on money laundering and international banking issues.

Features

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Presented in an easy-to-understand "think/apply/answer" format, Critical Thinking Applications encourage students to analyze the legal and ethical material discussed in the text.
Carefully selected cases immediately draw students in with a catchy one-line introduction that provides a quick synopsis of the legal and ethical topics at hand. Detailed yet succinct, the cases are one to two pages in length.
End-of-chapter "Red Flags for Managers" outline the most critical legal issues that students need to know when they enter the business world--giving them valuable insight into real-world practice.
Useful "Business Planning Tips" appear in the margins to help students build a solid bridge between law and business.
"Ethical Issues" features integrate situational ethics to develop students' internal ethical compass by challenging them to consider what they would do in a variety of difficult business ethics situations.

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Part I: BUSINESS: ITS LEGAL, ETHICAL, AND JUDICIAL ENVIRONMENT.
1. Introduction to Law.
2. Business Ethics and Social Responsibility.
3. The Court System and Dispute Resolution.
Part II. BUSINESS: ITS REGULATORY ENVIRONMENT.
4. Business and the Constitution.
5. Administrative Law.
6. International Law.
7. Business Crime.
8. Business Torts.
9. Environmental Regulation and Sustainability.
Part III: THE LEGAL ENVIRONMENT OF BUSINESS RELATIONSHIPS.
10. Contracts and Sales: Introduction and Formation.
11. Contracts and Sales: Performance, Remedies, and Rights.
12. Business Marketing and Products: Ads and Product Safety.
13. Business Competition: Antitrust Law.
14. Business and Intellectual Property Law.
Part IV: THE LEGAL ENVIRONMENT OF BUSINESS OPERATIONS.
15. Agency Law.
16. Governance and Structure: The Law of Business Associations.
17. Governance and Regulation: Securities Law.
18. Business and Employees: Employment Regulation.
19. Business and Employees: Employment Discrimination.
Appendix A: The United States Constitution.
Appendix B: The Uniform Commercial Code (Excerpts).