Role and Functions of Law

In: Business and Management

Submitted By FayFay02
Words 961
Pages 4
LaFaye Moore Jr.
August 01, 2012
Corey Frost

Law is the foundation to keep a business running smoothly, and it is also the process to keep a society from going down dark chaos road. With laws they give order that guides the business and society from destruction. Rand (2007), “The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals, one makes them. One declares so many things to be a crime that is becomes impossible for men to live without breaking laws” (Para. 17 Pg. 1). When business and society decide to abide to the rules they stay out of trouble. Therefore, if not they pay consequence that fits the laws that is set for the safety of the business and society. The topics discuss is defining the functions and role of law in business and society and discuss the functions and role of law in your past or present job or industry.
Defining the functions and role of law in business and society
According to "Definition of Law" (n.d.), “Law is a rule of conduct or procedure established by custom, agreement, or authority” (Para. 1 Pg. 1). Laws are set of rules in business and society that can keep them out of legal actions if they are abiding to them. “Although the most visible function of the law on a day-to-day basis is to provide for some system of order that defines crimes and levies punishment for violation of the crime” (Melvin, 2011, Para. 4 Pg. 4). If there were no law the business and society would be in chaos because they would do anything they wanting to do. Asking the question, even with the law, there is still opportunity to bend the law for the sake of the person or business own gain. There are functions for business and society, which is to maintain peace and order for the safety of people. This help keep business and society…...

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