Instructions:Purpose of AssignmentLaw impacts how business operations perform. With globalization, the law’s impact and corresponding business risks have grown. The student will learn to consider how and when a business risk should be pursued under traditional litigation (lawsuit, answer, and discovery) and where alternative dispute resolution methods are appropriate in both domesticand international disputes.
Assignment StepsResources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 1, Ch. 2 (pp. 23-32), Ch. 3, Ch. 4 and Ch. 26; sites such as: Public Library of Law, Law Library of Congress, and Justia Virtual Chase law database & https://www.youtube.com/watch?v=L4PXuINdO50&feature=youtu.be
In a minimum of 1,200 words, excluding title and reference pages, develop an analysis including the following:
• Identify & explain the sources of US Law (where do our laws comefrom)• Discribe the difference between civil law and criminal law• Differentiate the two types of jurisdiction that a federal court musthave before it can hear a case (ie. “subject matter” jurisdiction and”personal jurisdiction”)• Identify at least two ways the U.S. legal system affects YOURspecific job/business or industry.• Explain the process of a lawsuit (from the start to the end) and thencompare how it is different in expense, time, privacy and effectivenessas compared to mediation and then to arbitration.• There are many ways to conduct business internationally. Theyhave their pros/cons and risks and rewards. Play the video linkhttps://www.youtube.com/watch?v=L4PXuINdO50&feature=youtu.be and listen to these various ways to do business internationally. Then, inyour paper summarize each way and list one advantage and onedisadvantage and one way to control the legal risk for each.
Cite a minimum of three scholarly references. One scholarly referencemust be from the University Library.
Format your paper consistent with APA guidelines.