Managers can make their own __________ law by entering into contracts and crafting certain governance structures.
A) public
B) primary
C) cohesive
D) private

Question

Quizplus · Accepted Answer

Private law refers to the legal rules and regulations that are created by individuals or organizations, rather than by the government. Managers can make their own private law by creating contracts and designing internal governance structures to regulate their relationships with stakeholders, such as employees, customers, and suppliers. This allows them to establish their own rules and procedures for conducting business and resolving disputes, without relying on the legal system.

Managers Can Make Their Own __________ Law by Entering into Contracts