Legal factors affecting affecting business What is Organizational Law? Organizational law is comprising the bodies of law that govern standard legal entities. such as business corporations, partnerships, cooperatives, limited liability companies, etc. What does Employment Law refer to? Employment law is the collection of laws and rules that regulate relationships between employers and employees. Employment laws say when an employer can hire employees and when the employees can work. How are Consumer laws defined? Consumer law involves all the regulations and statutes that seek to create a more equitable balance for buyers in the marketplace and prevent sellers from using dishonest tactics. What is Securities Law? Securities laws are the laws and regulations governing financial instruments such as stocks, mutual funds, and bonds. These rules are designed in part to prevent fraud, insider training, and market manipulation, while also promoting transparency through a com...
Basic Accounting Why do you think accounting is seen as boring? I think accounting is considered a boring career because it is closely related to numbers and mathematics, also as we are mentioned in the reading, many people do not know how varied the world of accounting is and the different careers that exist in the field of accounting. Which of the jobs mentioned would be most interesting for you? The job that most interested me was that of auditor because his main job is to avoid risks that may affect your company, supervising that the existing controls are adequate and that the governance processes are effective and efficient. Although I think it is one of the most responsible jobs, it is interesting to know how to keep track of all the financial accounts of a company. Why is it so important for accountants to be ethical? Accountants must be ethical professionals because of the risks to which they are exposed, that is, they must follow very strict rules and do e...