Factors Leading to the Need for the Ethical and Social

question 13

True/False

Factors leading to the need for the ethical and social responsibility of business are the demands of maintaining a competitive,fair marketplace and the size and power of individual corporations.

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Definitions:

Minimum Contacts

A legal standard determining whether it is appropriate for a court to exercise jurisdiction over an out-of-state defendant based on the defendant's connections with the forum state.

Personal Jurisdiction

The legal authority a court has over the persons involved in a lawsuit, based on their connection to the location where the court is situated.

Tortious Conduct

Behavior that constitutes a tort, which is an act or omission causing harm or injury to another person, leading to civil legal liability.

Concurrent Jurisdiction

Occurs when multiple courts across different systems concurrently possess authority over a particular case.