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Explain MGMT783 Business Law

This course  MGMT783 investigates the investment choices that business executives must make. After building a fundamental framework for corporate valuation, the course goes on to examine and expand on the capital budgeting concerns that were presented in the core finance course. The course will cover the fundamentals of option valuation before applying those concepts to the valuation of real-world assets. A new section on assessing the cost of capital, including the implications of leverage and taxes, will be included in the course curriculum. There will be a blend of theory, empirical data, and practical application in the course structure.

Location- London

Study level- Post Graduation

Unit code- MGMT783

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MGMT783 Assessment:

The legal environment of business is what ensures that the organisation operates in a peaceful manner. Everything that has even the slightest connection to a company's operations is gathered in one place. The phrase "Legal Environment of Business" refers to the code of conduct that governs the operations of a corporation. It establishes the legal limits as well as the scope of the firm's operations. However, in order to comprehend it, we must first get acquainted with the phrases and concepts associated with commercial and legal activity. The fact that every firm is loaded with operations that are subject to a large number of laws and regulations is well-known in the business world. These elements come together to generate what we know as the business legal environment when they are taken into consideration together.

Business Law and the Legal Environment exposes us to the role played by legal agendas in the making of management choices. It assists managers in the management of their businesses and provides them with an understanding of the limitations and restrictions of their existence in the name of their particular companies. It allows them to make choices that are in accordance with the legal system. These regulations aid the commercial company in complying with the requirements of the law and the government's rules and regulations. Companies, companies, managers, owners, and the holders of their shares or debentures make every effort to assist and safeguard the interests of their shareholders. They also get entangled in a variety of legal obligations that must be met in order to avoid legal responsibility and legal repercussions as a result of their choices and actions. It is possible to believe that the business environment is comprised only of the legal system and its operations.

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MGMT783 Assignment Answers

However, the reality of the issue is that they also serve to conceal a number of sources of law in our culture. A thorough comparison and in-depth examination of many parts of business law are necessary for this task to be successful. Tort law, contract law, criminal law, and government regulatory systems are some of the legal concepts that are associated with this topic. Lastly, the legal environment aids in the formulation of business decisions that are ethical and beneficial to society. To put it another way, everything that is related to the welfare of any registered parties, which can include the owner, the business itself, equity shareholders, creditors, debtors, debenture holders, or any third-party that is bound by a legal contract with the company itself, falls under the legal environment.

This relates to the size and behaviour of a country's population as well as the country's economy. If a nation has a large population, it is likely that the country will provide a wide range of business or marketing prospects to a wide range of corporate organisations. Business organisations would be forced to seek an external market for their goods or services if they were located in a nation with a small population, on the other hand. The same holds true for nations where the public is well-tuned to the 'use-and-throw paradigm' [as is the case in most western countries], where the possibilities for repair businesses would be severely constrained. The job opportunities in that section would be minimal to non-existent. However, for manufacturing businesses, this would open up a plethora of new marketing options as well. If, on the other side, the general public is opposed to the "use and toss" philosophy, then the economic options for manufacturing businesses will be restricted. Repair shops, self-employed technical personnel, and parts makers, on the other hand, would see a flurry of activity. As a result, the quantity and quality of a population emerge as critical determinants in the operation of a firm. There is a strong link between a company's operations and its surrounding economic environment. In the modern economy, business acquires all of its required inputs from the economic environment and absorbs the product of its many business divisions.

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MGMT783 Task Answers

The geographical environment refers to climatic conditions and natural resources, which influence the extent of production and the character of the goods that may be sold in a certain area. For example, a nation like Kenya must manufacture more items based on forest resources, but the Gulf countries can only produce oil, while Japan can operate in the fish, fruit, and vegetable industries, among others. Nations in the tropical area would create items from the abundant geographical resources accessible in that location; businesses in the Mediterranean region would have a distinct commercial scope; organisations in Scandinavian countries would have a scope in dairy products, and so on and on. On the other side, the globe is seeing an alarming increase in the number of efforts being taken toward a more balanced eco-system. Deforestation and the hunting of endangered and threatened kinds of animals for sustenance have been outlawed. In order to find commercial prospects, corporate organisations must be cognizant of the restrictions imposed by geographical and ecological issues throughout the identification process. It is generally known that every country has a number of legislative laws in place to guarantee that the interests of corporate organisations do not conflict with the interests of the country as a whole.

A slew of legal requirements must be met at every stage of an organization's life, from its formation to its listing on a stock exchange, the resolution of customer complaints, the payment of taxes to the government, manufacturing practises, human resource development, and the pricing of products and services. For example, consumer protection is so strong in the United States and other Western nations that even a medical practitioner might face significant financial penalties in the event of a service failure. In India and other nations, very stringent legislative safeguards are in place to prohibit the hunting of endangered and threatened species. As a result, any company that creates items that are based on such species will be subject to legal consequences. Organizations are now being forced to pay substantial compensations in the event that they fail to honour checks that have been issued. Thus, deterrence via legal measures has become the norm rather than the exception. All organisations must first and foremost handle these requirements as they begin to gain traction and become more widespread.

Weightage of the MGMT783 Code:

The weightage of the course is 42%

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