BUL4421 midterm exam with 100% correct answers

BUL4421 midterm exam with 100% correct answers Which of the following are types of due process? -Answer-Procedural and substantive The first _____ amendments to the U.S. Constitution are known as the Bill of Rights. -Answer- Ten if a law prevents individuals from exercising a fundamental right, the law will be subject to_. - Answer-Strict scrutiny Why must federal legislation that affects business be based on expressed constitutional grant of authority? -Answer-Because the federal government has only those powers granted to it by the Constitution. Why must federal legislation that affects business be based on expressed constitutional grant of authority? -Answer-Because the federal government has only those powers granted to it by the Constitution. Which of the following is true regarding the Fifth Amendment's protection against self- incrimination? -Answer-A person does not have to be e a a witness against himself or herself in a criminal case. When can government agents obtain a search warrant? -Answer-When they can establish probable cause A[n] clause has been defined as one i which the terms are "manifestly unfair or oppressive and are dictated by a dominant party." -Answer-Unconscionable When is an arbitrator's decision called an "award"? -Answer-Always A(n) is a provision in a contract that mandates that all disputes arising under the contract must be settled by arbitration. -Answer-Binding arbitration clause Which of the following is true regarding the remedy if a party does not abide by an agreement reached in mediation? -Answer-The remedy is sue for breach of contract. According to the text, positive points of arbitration involve(s) which of the following? -Answer- Arbitration is generally less expensive than litigation. Which of the following is true regarding the use of legal counsel at arbitration proceedings? - Answer-.It is up to each of the parties. They may have legal counsel, or they may not. Which of the following is the minimal standard essential for the development of business ethics? -Answer-The legality of a decision An ethical theory that urges managers to take those actions that provide the greatest pleasure after having subtracted the pain or harm associated with the action in question is called -Answer- Utilitarianism