Lawimpacts how business operations perform. With globalization, the law’simpact and corresponding business risks have grown. The student willlearn to consider how and when a business risk should be pursued undertraditional litigation (lawsuit, answer, and discovery) and wherealternative dispute resolution methods are appropriate in both domesticand international disputes.Assignment StepsResources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues:Ch. 1, Ch. 2 (pp. 23-32), Ch. 3, Ch. 4 and Ch. 26; sites such as:Public Library of Law, Law Library of Congress, and Justia Virtual Chaselaw databaseSelect a business or industry with which you are familiar and, in a minimum of 700 words, excluding title and reference pages, develop an analysis including the following:Identify at least two ways the U.S. legal system affects that business or industry.Examinethe risks that business or industry encounters when dealing withtraditional litigation, (suit, answer, discovery, trial) and whatmeasures business managers can take to reduce exposure to those risks.Choosea global/international business dispute from your business or industry,then compare and contrast one form of alternative dispute resolution(ADR) with traditional litigation with regard to that dispute, andrecommend which method is preferred and why.Cite a minimum of three scholarly references. One scholarly reference must be from the University Library.Format your paper consistent with APA guidelines.Click the Assignment Files tab to submit your assignment.