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1. List two characteristics each of real, intellectual, and personal property. Do owners of real, intellectual,
and personal property each have the same rights under the law? List how each type of property is treated
under the law. Explain why it is in the best interest of society to treat these types of property the same or
differently.
2.Read the article Governance in the Spotlight: What the Sarbanes-Oxley Act Means for YouPreview the
document. In this article the author outlines provisions companies are now required to implement. Consider
the requirements imposed by Sarbanes-Oxley on corporate boards of directors. Do small businesses and
privately held companies have ethical duties? If so, to whom would they owe this duty? Employees?
Customers? Vendors? Should the law impose ethical requirements on small businesses or privately held
companies or can the marketplace police unethical business behavior? Provide support to justify your
position.
3.Internet domain names are linked to trademark issues. Technology makes it easy to copy and distribute
music and movies without paying royalties. Business conducted on the internet raise security and privacy
issues. What legal concerns are raised by these issues? Predict which of these issues will be of major
concern in the future in regard to the law and business practices.
4.How do governments attempt to control foreign businesses operating within their borders? When U.S.
companies do business in other countries, what issues do they face? Describe the responsibilities and
ethical concerns that you feel are important for U.S. companies to consider when doing business in other
countries