Question 1: The Legal Environment

Please respond to the following:

• Select a small business with which you are familiar and discuss the most likely forms of business law it would need to be concerned about. Provide specific examples to support your response.
• Referring to the same company, discuss the most likely government regulations that would directly impact day-to-day operations. Provide specific examples to support your response.

Question 2: Ethics and Social Responsibility

Please respond to the following:

• Select a small business with which you are familiar and develop a plan of action for encouraging ethical behavior. Provide specific examples to support your response.
• Analyze a business’s responsibilities to the environment, employees, customers, investors, and the community, and determine which is the most important. Explain your rationale.