NAU ACC 205 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
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Course
Nothern Arizona University
Institution
Nothern Arizona University
NAU ACC 205 FINAL EXAM STUDY GUIDE
WITH COMPLETE SOLUTIONS
act of state doctrine - Answer️️ -judicial branch of one government
will not examine validity of public acts committed by foreign
government
administrative agency - Answer️️ -state, local, or federal; given
power through Congr...
NAU ACC 205 FINAL EXAM STUDY GUIDE
WITH COMPLETE SOLUTIONS
act of state doctrine - Answer✔️✔️-judicial branch of one government
will not examine validity of public acts committed by foreign
government
administrative agency - Answer✔️✔️-state, local, or federal; given
power through Congress through enabling legislation; created for
implementation of statutes(laws)
administrative law judge - Answer✔️✔️-one who presides over an
administrative agency hearing and has the power to administer
oaths, take testimony, rule on questions of evidence, and make
determinations of fact
commerce clause - Answer✔️✔️-Congress/ federal government can
regulate interstate commerce
dormant commerce clause - Answer✔️✔️-implied that because
Congress/ federal government has the power to regulate interstate
commerce, the states do not
corporate social responsibility - Answer✔️✔️-combines good
citizenship with ethical decisions, improving society, and
minimizing environmental impacts; not a law but encouraged
C--COVER (what it stands for) - Answer✔️✔️-codes of conduct
C--codes of conduct - Answer✔️✔️-the application of specific codes/
statutes of a profession
O--COVER (what it stands for) - Answer✔️✔️-outcomes
O--outcomes - Answer✔️✔️-greatest amount of good for the greatest
number of people (outcome based analysis/ utilitarianism/
cost/benefit analysis)
V--COVER (what it stands for) - Answer✔️✔️-values
V--values - Answer✔️✔️-reflected in a company's mission statement
E--COVER (what it stands for) - Answer✔️✔️-editorial
E--editorial - Answer✔️✔️-if your decision was publicized, would you
still make the same decision? (looking on a big scale)
R--COVER (what it stands for) - Answer✔️✔️-rules
R--rules - Answer✔️✔️-applies a universal standard; categorical
imperative: what if everyone followed or didn't follow a rule (stealing
a pen)
diversity jurisdiction/ diversity of citizenship - Answer✔️✔️-the power
of the federal courts to hear matters of state law if the opposing
parties are from different states and the amount in controversy
exceeds $75,000
doctrine of sovereign immunity - Answer✔️✔️-immunizes foreign
nations from the jurisdiction of US courts (if a criminal flees to a
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