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Bus 404 Midterm 1 Exam/120 questions & Answers
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Bus 404 Midterm 1 Exam/120 questions & Answers
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Bus 404 Midterm 1 Exam/120questions & Answers
Right - -legal capacity to require someone to perform or refrain from
performing an act
-Duty - -the legal obligation requiring a person to perform or refrain from
performing an action
-Substantive Law - -law creating rights and duties
-Procedural Law - -rules for enforcing substantive law
-Civil Law - -law dealing with rights and duties the violation of which
constitutes a wrong against an individual or other legal entity
-Criminal Law - -law establishing duties, which if violated constitute a wrong
against an entire community
-Must prove beyond a preponderance of the evidence - -civil cases
-Must prove beyond a reasonable doubt - -criminal law
-substantive law is broken into... - -public and private law
-Common law - -the body of law that serves as precedent for determining
later controversies, stare decisis
-Decree - -decision of a court of equity
-Injunction - -decree ordering a party to perform or refrain from doing a
specified act
-Reformation - -equitable remedy rewriting a contract to conform with the
original intent of the contracting parties
-Recision - -an equitable remedy invalidating a contract
-Legislative Law - -statutes adopted by legislative bodies including treaties
and executive orders
-Administrative Law - -rules, regulations, orders and decisions made by
administrative agencies
, -Case style - -plaintiff v defendant
-Ethical Fundamentalism - -(absolutism) individuals look to a central
authority or set of rules to guide them in ethical decision making
-Ethical Relativism - -(subjectivism) actions must be judged by what
individuals subjectively feel is right or wrong for themselves
-Utilitarianism - -moral actions are those that produce the greatest benefit.
looks at benefits versus consequences of actions
-Deontology - -actions must be judged by their motives and means as well
as their results (Kant)
-Kant's Categorical Imperative - -for an action to be moral it must: -be
universally applicable -respect autonomy and rationality of all human beings
-Egalitarians - -believe that society should provide all its members with
equal amounts of goods and services regardless of their contributions
-Distributive Justice - -stresses equality of opportunity rather than results
-Intuitionism - -a rational person possesses inherent power to assess the
correctness of actions
-Good person - -individuals should seek out and emulate good role models
-Television test - -would you be comfortable if your actions were broadcast
on tv?
-Cultural relativism - -good means socially acceptable
-Supernaturalism - -defined by religious basis
-Emotivism - -"X is good is an emotive exclamation and means yay for X"
-Prescriptivism - -"you ought to do this" expresses universal desires/goals
-Golden rule - -do unto others as you'd want done to yourself
-Arguments against social responsibility - -profitability, unfairness
-Arguments in favor of social responsibility - -the stakeholder model (corps
have responsibility to all their stakeholders not just stockholders)
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