Tag Archives: Business 103

How to Pass study.com Business 103: Introductory Business Law Final Proctored Exam

Welcome, future business law experts! If you’re here then certainly you are probably engaged in the course of Business 103: Introductory Business Law in Study.com. This class is a ticket to the legal world of business and unlocking it is your key to understanding this vantage. Regardless of your desire to establish your own business or be promoted to a managerial position, it is beneficial to comprehend all the aspects of business law. And guess what? Contrary to what one may think, it is not very difficult.  From contracts to controversies of torts; this course will expose you to everything starting from the basic to the most complex. You can think of it as a virtual education in terms of the rules of the game before learners get out on the field. You will learn the statuses that apply to the exercising of business activities and thus shall make good decisions and avoid the legal ramifications. Also, I will interpret this with examples from the real world from time to time. Thus, sit tight and prepare for this course as if you are preparing for an upcoming test – and pass it with flying colors!  — What to Expect from Business 103 Class 📖 Okay here goes: as you would know, We are discussing Business 103: Introductory Business Law on Study.com. This course is laid down to ensure that you acquire adequate knowledge of business law and this course is inevitable for any person in the relevant field.   First things first: this section will introduce the fundamental aspects of contracts to you, like the factors that make a contract enforceable, contract classifications, and the repercussions of contract violation. Contracts can be defined as the very bodies that are vital in any business transaction and therefore, you should expect much of it in your exams.  In the next step, we turn to the rights of tort law, into a separate legal field that makes a subject of tort law. Torts are actionable wrongs causing personal injury or damage and the course includes torts categories including negligence, intentional torts, and strict liability. It is important to comprehend torts as, quite unforeseeably, businesses may find themselves defendants in trials based on these tenets. Another major area covered is product liability and consumer protection. You’ll delve into how businesses are held accountable for defective products and the laws designed to protect consumers. This is especially important in today’s market where product recalls and consumer rights are hot topics. Finally, the course also touches on agency relationships, intellectual property, and the American legal system’s structure. You will understand how decisions are made for businesses and the ethical perspective that comes with it and even exposure to Federal, State, and Local laws concerning business entities.  At the end of this course, you shall have gained ample knowledge in handling legal issues in business settings. Alright, this brings us to the last part in which we will discuss how to schedule your study time for this exam. Click here for exam support Week-by-Week Study Plan to Ace Business 103 Exam 📝 Here are some steps to follow that will assist you in mastering the Study.com Business 103 Introductory Business Law course. I have come up with a weekly schedule. This plan is going to divide your study sessions into comprehensible parts while seeing that you will definitely review all the needed materials. Week 1: Introduction and Basics Topics Covered: Overview of Business Law, Sources of Law, and Court Systems. Activities: Watch introductory videos on Study.com. Read chapters 1 and 2. Take notes on key concepts like the hierarchy of laws and types of courts. External Links: Court System Overview (YouTube) Week 2: Contracts Topics Covered: Elements of Contracts, Types of Contracts, and Breach of Contract. Activities: Read chapters 3, 4, and 5. Complete quizzes to test your understanding. External Links: Contracts Basics (Quizlet) Week 3: Torts Topics Covered: Intentional Torts, Negligence, and Strict Liability. Activities: Study chapters 6, 7, and 8. Create flashcards for different torts and their elements. Watch related videos. External Links: Torts Overview (YouTube) Week 4: Product Liability and Consumer Protection Topics Covered: Product Liability, Consumer Rights, and Protection Laws. Activities: Read chapters 9 and 10. Summarize key laws and cases. Take practice quizzes. External Links: Consumer Protection (Quizlet) Week 5: Agency Law Topics Covered: Agency Relationships, Authority, and Liability. Activities: Study chapters 11 and 12. Role-play different scenarios to understand agency relationships better. External Links: Agency Law Explained (YouTube) Week 6: Review and Practice Activities: Review all chapters and notes. Focus on areas where you feel less confident. Take full-length practice exams on Study.com. External Links: Practice Exams (Quizlet) Week 7: Final Preparation Activities: Go through any remaining study materials. Join study groups or forums to discuss key topics. Relax and ensure you get a good night’s sleep before the exam. External Links: Study Group Tips (YouTube) Following this plan will help you stay on track and cover all necessary materials systematically. Now, let’s look at some additional resources to further enhance your understanding of the course content. — Free External Resources to Study📂 To help you understand the more challenging concepts in the Study.com Business 103: Introductory Business Law course, here are some free resources available on the internet. These will supplement your learning and provide alternative explanations and examples. YouTube Channels and Playlists: 1. LegalEagle: This channel breaks down complex legal topics in an easy-to-understand manner. Great for visual learners! LegalEagle YouTube Channel 2. The Law Simplified: Focuses on simplifying various law subjects, including business law. The Law Simplified YouTube Channel 3. Professor Myles V. Lynk: A comprehensive series on business law. Business Law Playlist Quizlet Flashcards:    Business Law Terms: A set of flashcards covering essential business law terms and definitions. Business Law Flashcards  Contract Law: Flashcards focusing on contract law, a key component of the course. Contract Law Flashcards OpenCourseWare and Free Textbooks: 1. MIT OpenCourseWare: Offers a free course on business law that includes lecture notes and assignments.