common law

(noun)

A precedent or policy developed by judges through decisions of courts and similar tribunals.

Related Terms

  • functional
  • organization
  • decentralized

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.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
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  • Economics
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  • Microbiology
  • Physics
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  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
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  • Writing

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