Lms Integrated Mindtap Business Law, 1 Term (6 Months) Printed Access Card For Mann/roberts’ Smith And Roberson’s Business Law, 17th
17th Edition
ISBN: 9781337094566
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Question
Chapter 1, Problem 1CO
Summary Introduction
To identify: Basic functions of law and describe.
Expert Solution & Answer
Explanation of Solution
Law is nothing but a code of conduct prescribed by highest authority in a state and deals with what is right and what is wrong.
Basic functions of law:
The functions of law are used to retain political, economic and social stability through
Protection of property: Law helps to protect property and allows contracts for exchanging properties of two persons.
Dispute resolution: In general disputes are inevitable, and it involves matters of criminal and non-criminal. So this helps to avoid personal revenge on persons and makes to resolve the disputes of the people.
Safeguarding of state while letting ordered change: It safeguards the state from changes of legislation, referenda’s and elections rather than rebellion and revolution.
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Students have asked these similar questions
High Supply Risk:
Climate change is disrupting major rice-producing countries like Thailand and Vietnam.
Limited global trade availability (only 7-10% of total production is exported).
Currency fluctuations, freight costs, and government policies further threaten supply stability.
2. High Impact on Business:
Rice is a staple food in Singapore, crucial for national food security.
A supply shortage could lead to price inflation and food security concerns.
Dependence on a few key suppliers makes supply chain diversification challenging.
Procurement Strategy for Singapore:
Diversify sourcing (e.g., increase imports from Myanmar).
Invest in climate-smart rice research to improve resilience.
Stockpile rice reserves to buffer against supply shocks.
Strengthen trade agreements with key exporters like Thailand and Vietnam.
Solution
Rice should be positioned as a Strategic Item in Singapore's Kraljic Matrix due to its high supply risk and high impact on business (food…
Discuss how partneships and collaboration contributed to Savannah Organics growth and sustainability
Thailand's rice industry, which accounts for about a quarter of the world's global trade of rice, is facing a climate crisis due to frequent extreme weather events. The intensity and inconsistency of rain in 2021 has compromised the production of Thailand's most important crop, causing market turbulence, food security concerns, and leaving millions of Thai households facing economic difficulties. The industry is highly vulnerable to climate change, with Thailand ranking ninth in the world on the Global Climate Risk Index. Timing is crucial in rice growing, but the current climate conditions are making it futile. Climate change is expected to exacerbate inequalities, with rice production potentially increasing in irrigated areas while being stunted in rainfed regions. By mid-century, Thailand could expect a more than 10% decline in its overall rice yield, affecting regional food stability.
Thailand, the world's third-biggest rice exporter, has struggled to regain its position as the…
Chapter 1 Solutions
Lms Integrated Mindtap Business Law, 1 Term (6 Months) Printed Access Card For Mann/roberts’ Smith And Roberson’s Business Law, 17th
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