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1. In your opinion, what is the purpose of law? Why does a society needs laws? 2. Most business managers know that they need to

1. In your opinion, what is the purpose of law? Why does a society needs laws?

2. Most business managers know that they need to consult a lawyer when they are making an important business decision. This being the case, why would a manager or entrepreneur need to have any knowledge of business law? Couldn't they just ask a lawyer?

3. What is the relationship between business behavior that is legal and business decisions that are ethical?

4. Is an unethical business decision necessarily illegal? Explain and provide an example.

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