Law, Business,
and Society
Eleventh Edition
Tony McAdams
University of Northern Iowa
Kiren Dosanjh Zucker
California State University,
Northridge
Nancy Neslund
University of New Hampshire
School of Law
Kristofer Neslund
Ashland University
LAW, BUSINESS, AND SOCIETY, ELEVENTH EDITION
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Library of Congress Cataloging-in-Publication Data
Law, business, and society / Tony McAdams, University of Northern Iowa, Nancy Neslund, University of
NewHampshire School of Law, Kiren Dosanjh Zucker, California State University, Northridge,
Kristofer Neslund, Ashland University. — Eleventh edition.
p. cm.
Includes index.
ISBN 978-0-07-802386-6 (alk. paper)
1. Business enterprises—Law and legislation—United States. 2. Trade regulation—United States.
3. Business ethics—United States. 4. Industries—Social aspects—United States. I. McAdams, Tony, author. II.
Neslund, Nancy, author. III. Zucker, Kiren Dosanjh, author. IV. Neslund, Kristofer, author.
KF1355.M28 2014
346.73’065—dc23
2014022614
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not indicate an endorsement by the authors or McGraw-Hill Education, and McGraw-Hill Education does not
guarantee the accuracy of the information presented at these sites.
mhhe
iii
About the Authors
Tony McAdams
Tony McAdams is a Professor of Management at the University of Northern Iowa. He
earned a BA in History from the University of Northern Iowa, a JD from the University
of Iowa, and an MBA from Columbia University. Professor McAdams’s primary teaching
interests include government regulation of business, business and society, and employ-
ment law. Professor McAdams’s research interests include managerial accountability,
business ethics, and employment law. His scholarly articles have appeared in such jour-
nals as
The Harvard Business Review,
The Academy of Management Review,
The Journal
ofBusiness Ethics,
and
The American Business Law Journal
. Professor McAdams has
received the Iowa Board of Regents Award for Faculty Excellence, the Distinguished
Teacher of the Year Award from the student government at the University of Kentucky,
and theUniversity of Northern Iowa College of Business Administration Excellence in
Teaching Award.
Kiren Dosanjh Zucker
Kiren Dosanjh Zucker, author of Chapters 4, 6, 7, 12, 13, and 14, is a Professor of Ac-
counting and Information Systems at California State University, Northridge (CSUN). She
earned a BA in Political Science from Syracuse University and a JD from the University of
Michigan. A member of the State Bar ofCalifornia, she has served on its Committee of
Bar Examiners and Committee on Professional Responsibility and Conduct. Her teaching
and research interests focus primarily on employment law, pedagogy, and accounting eth-
ics. In 2001, she was selected as a Master Teacher by the Academy of Legal Studies in
Business, and in 2004 she received the Outstanding Faculty Award from CSUN’s Students
with Disabilities Resources. In 2004 and 2006, she also received a CSUN University
Ambassadors’ Polished Apple Award. In 2014, CSUN Accounting students named her the
Harvey A. Bookstein Accounting Professor of the Year.
Nancy Neslund
During the preparation of this edition, Nancy Neslund, author of Chapters 16, 17, and 18,
was a visiting professor at the Ohio Northern University Pettit College of Law in Ada,
Ohio. She earned a BA in Economics from Willamette University, a JD from Columbia
University, and an LLM from New York University. Prior to entering academia, she was
a lawyer in private practice for 14 years. During the academic year 2004 to 2005, she was a
visiting professor on the law faculty of Europa Universitt Viadrina, in Germany on its
border with Poland. She teaches business organizations, business planning, financial
literacy, and tax law. Her research interests include the social benefit business entities,
transnational tax issues, and digital currencies.。