common law
(noun)
A precedent or policy developed by judges through decisions of courts and similar tribunals.
Examples of common law in the following topics:
-
Labor Laws
- Labor law is the body of laws, administrative rulings, and precedents that address the legal rights and restrictions pertaining to workers and employers.
- Collective labor law concerns the relationship between employee, employer, and union.
- Both types of labor law define employment standards.
- Government agencies enforce employment standards codified by labor law.
- Many terms and conditions of the contract are implied by legislation or common law to protect employees and facilitate a fluid labor market.
-
Basic Types of Organizations
- In countries with common-law practices, for example, a jury of peers render innocent or guilty verdicts in the court system.
- Matrix organizations are by far the most complex and are more common in large corporations.
-
The PESTEL and SCP Frameworks
- A PESTEL analysis looks at the six most common macro-environmental factors to understand their interactions.
- Legal factors include discrimination laws, consumer laws, antitrust laws, employment laws, and health and safety laws.
-
Employee Compensation and Benefits
- The most common form of guaranteed pay is the basic salary.
- The most common forms are bonuses and sales incentives.
- The most common example is stock options.
- The most common form is stock options.
-
The Role of Teams in Organizations
- Small organizations—especially start-ups—may be made up entirely of a single team on which everyone works jointly to achieve a common goal.
- Common technology infrastructures such as communications and data networks link people and allow them to share documents and other teamwork products effectively.
- -made products in multiple countries needs to understand the local markets, laws, and regulations of each country.
-
Employee Dismissal
- Common reasons for dismissal include absenteeism, "time theft" offenses (i.e., improper use of breaks), incompetence, or poor job performance.
- Human resources departments are tasked with managing this process, and must ensure complete coordination of company policy with state or federal law.
- Layoffs, particularly during recessions, are a common reason for employee dismissal.
- Discuss the common reasons and justifications for employee dismissal from the human resources management perspective
-
Issues in Marketing
- Today an advertiser who fails to tell the truth offends against morality in addition to the law.
- However the law permits puffery (a legal term).
- TV commercials and direct mail are common examples.
- Identify the common ethical issues associated with products, pricing, promotion and placement within the marketing mix
-
Common Traits of Entrepreneurs
-
Common Backgrounds of Entrepreneurs
-
Types of Organizations
- Forms of business ownership vary, but several common forms include:
- Common examples of volunteer organizations include trade associations, trade unions, learned societies, and professional associations.
- A corporation is a distinct legal entity that has been incorporated either directly through legislation or through a registration process established by law.
- Since a corporation is legally a person, it is guaranteed the same rights as a natural person, including equal protection under the law.
- CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms.