Business Ethics and Corporate Social Responsibility Essay

The United States has several laws that argon intended to make head way of life f impart, balanced, and competitive practices. I do live that these laws be effective in numerous ways. several(prenominal) of those ways I will pin capitulum in the next few paragraphs. These laws hold some major concepts of law. Some of these major concepts include torts, contracts, piazza transactions, patents, trademarks, copyrights, and bankruptcy. These laws were made to comfort the integrity of employmentes, aid battalion to advance their business, help employees to husband a in effect(p) change by reversal coiffe, and make sure that in that location is the least amount of issues legally if possible. These business laws were tag into place to prevent more than just economic issues with monopolization or CEOs and employees becoming wealthy by unratified activity. Within these laws, there is an abundance of detail entailed however I am aiming to give you a basic, general underst anding of what some of these laws are and why they do work for the virtually part. Some of these reasons that I will announce of will be to inform you how these laws help the protection of surround through with(predicate) with(predicate) environmental commandments, laws on finances to help abolish as some(prenominal) debt in a business as possible, and laws that concern the employment and diligence in businesses that were set to serve and protect the great deal and the work they do for companies, their safety and a fellowships safety, and besides help to maintain the legality of businesses ran across the United States. Even though some laws do vary by international, statutory, administrative, and common laws, this is a partial e trulyplaceview of the some major concepts of business law.Environmental LawsEnvironmentally laws help in so more ways. Even though we give noticet confirmation all the befoulment or destruction of priceless property that consists of ecosystem s that are becoming beside to extinction we do give way laws that are in place to stop the mass majority of the abomination of such beautiful areas. These laws that are set are also to stop demolishing our own water and air supply and prevent people from stick outting illness ca partd by chemicals that are airborne or in water cable systemd from dumping. Some of these laws include the Clean vent accomplishment and the Clean Water lick. The Clean Air modus operandi (CAA) is the comprehensive federal law that regulates air firing offs from stationary and winding sources. Among early(a) things, this law authorizes EPA to establish National Ambient Air graphic symbol Standards (NAAQS) to protect public health and public welfare and to regulate emissions of precarious air pollutants. (EPA, January 19th, 2014) This is placed as a law or regulation to help us to stay safe as well as a company. Can you imagine the separate health concerns that could arise if there were no limi tations specified or guidelines to follow? Many companies had ignored these laws in the past, and created sickness in people that underwent extensive procedures and the disease was deemed incurable. People all day die from environmental factors and this prevents even more illness from consequent muster up inside people and employees as well as internal employees. The vehicles that these companies use contain many toxins that go into the air we breathe. With this law there is an emission standard that is comm nevertheless referred to as MACT. Maximum achievable control applied science is a standard that determines if there is any risk that exists and if so the incumbent risks will be addressed. The Clean Water Act (CWA) establishes the basic construction for regulating discharges of pollutants into the waters of the United States and regulating quality standards for pop out waters. The prat of the CWA was enacted in 1948 and was called the Federal Water Pollution Control Ac t, plainly the Act was significantly reorganized and expanded in 1972. Clean Water Act became the Acts common name with amendments in 1972. (EPA, January 19th, 2014) Here is some other example on how the rules and regulations help many of us. Not just creation fair to a company but also its surrounding environment consisting of people, animals, and natural elements and plant life. There straight has to be permits called NPDES (National Pollutant Discharge elimination System) that are obtained before any dumping in any surface water whether it is industrial, municipal, orother facilities. There are also other offices that handle other areas of pollution control such as our tipsiness water is controlled by the OW, the Office of Water. These people unsure we have fair and safe drinking water.Bankruptcy LawsAnother area that I notice laws and regulations serve people and companies a great deal of fairness is on the pecuniary frontlines. There are areas where you can have issue s dealing with your financial responsibilities and your endeavors of starting your own company just didnt pan out as well as all would have hoped. When a status such as this comes to light, you simply take matters to a larger train and claim bankruptcy. There are different types of bankruptcy so there are possibilities of restructuring your company or even a complete over haul on your debt disappearing. This all depends on what chapter you would like to file. I in person would never want to claim bankruptcy, but I dont think anyone really wants to claim, some people just dont have a choice. There are three most commonly known bankruptcy forms that are used Chapter 7, Chapter 11, and Chapter 13. Each one differs from the other a little bit, but it pretty much depends on your intent on your financial situation. Chapter 7 allows the debtor to sell nonexempt property and the monies al kented from the sale pay the creditors which in turn the claim is colonized permanently and the rest of money earned from that point on is now the debtors including any exempt property. In Chapter 11, this type of bankruptcy allows a peak of time for the debtor to reorganize and reestablish their financial responsibilities. This is usually the chapter in general chosen by larger companies in rate to modify structures indoors their financial team. This is used to nullify the burden of debt payments. The last Chapter is mainly for individuals who have regular employment and incomes but are unable to pay their creditors and come to an agreement on a new payment plan between the debtor and the creditor. Chapter 13 bankruptcy is a negotiation to help consolidate. I feel this helps hold growth for many companies to keep their employees working, keep people from losing their homes, and continue to help make people thrive within our community. Without the possibilities of a bankruptcy I know many people who would have cipher and become unemployed. I also think it is a way for dispu tation to stay alive outside in the business world. If every company folds and justgoes under without fighting for their company, well then there would only be a few of them around subtracting the amount of competition. I frankly feel these bankruptcy options actually help more than hurt the people and companies of business by allowing them a chance and a choice of financial redemption to their creditors.Employment and Labor LawsThe Laws that I feel are the most effective for both parties of employees and companies are laws concerning Employment and Labor. Anything from wages and hours to plant terminal and layoff are covered under these laws. These are the main ways to protect ourselves while under employment. These laws are designed to keep us safe as well as keep us in line and protect our best interest as an employee. There are many laws under this topic so I am going to pick out only one that specifically talks about the unification of employees and employers in the workplac e and its safety and health issues. It may seem like energy to many people but there are a lot of harmful elements in the work place that sometimes an employer isnt of necessity aware of. However, the rules and regulations on this topic are under the direct control of the Occupational Safety and Health Administration (OSHA). Safety and health conditions in most private industries are regulated by OSHA or OSHA-approved plead programs, which also cover public sector employers. Employers covered by the OSH Act must comply with the regulations and the safety and health standards promulgated by OSHA. Employers also have a general duty under the OSH Act to furnish their employees with work and a workplace free from recognized, serious hazards. OSHA enforces the Act through workplace inspections and investigations. Compliance assistance and other cooperative programs are also available. (United States Department of Labor, 2014) There are other laws that coincide with the damaged that can be caused and deemed harmful for employees such as workers honorarium laws, but let us focus on what OSHA really mode to employees. These people from OSHA plainly keep things clean and nontoxic for us to maintain optimal levels in the workplace without the fear of being harmed any way chemically or environmentally. Their rules and regulations keep us safe. Consider the alternative of us not having OSHA regulations. It could potentially be disastrous in many ways, by chemical ingestion, harmful inhalants, tampered scientific analysis, the possibilities are endless. Manypeople could be harmed, live could be altered and ruined, and therefore this is one of the most all important(p) factors of why there are laws written for health concern in the workplace. Without rules and regulations we have no standards. Standards are how we manage to keep order and continue growth not only in the business world but also on the outside world. Everything has rules and everyone has regulations. The world needs guidelines to create order and be able to maintain and mange it to prosper in ways profitable, and non for profit. These are just a few reasons why I feel it is very important for the United States to set laws and regulations to further fair, balanced, and competitive practices. With these in place and other regulations, I can certainly say that I feel safer for growth and more determined in the work place to get my job done as efficiently as possible so I may be as effective as these laws.Referenceshttp//www2.epa.gov/laws-regulations/summary-clean-air-act retrieved 03/21/2014 Last updated on January 19, 2014 United States Environmental Protection substance 42 U.S.C. 7401 et seq. (1970)http//www2.epa.gov/laws-regulations/summary-clean-water-act retrieved 03/21/2014 Last updated on January 19th, 2014 United States Environment Protection Agency 33 U.S.C. 1251 et seq. (1972)Business in Action Sixth EditionBy Courtland L. Bovee and John ThillCopyright 2013, 2011, 2008, 2006, 2004 by Pearson Education, Inc. Upper Saddle River, New island of Jersey 07458http//www.dol.gov/opa/aboutdol/lawsprog.htm retrieved on 03/21/2014 U.S. Department of Labor Frances Perkins Building, 200 Constitution Ave., NW, Washington, DC 20210 www.dol.gov Telephone 1-866-4-USA-DOL (1-866-487-2365)