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BUSA 2106 EXAM 1 QUESTIONS AND ANSWERS 2024/2025 $10.49   Add to cart

Exam (elaborations)

BUSA 2106 EXAM 1 QUESTIONS AND ANSWERS 2024/2025

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  • Course
  • BUSA 210
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  • BUSA 210

Law → rules that come from controlling authority that must be obeyed or there is a consequence Ethics → A set of moral principles or values that govern the conduct of an individual or a group Corporate Social Responsiblity → States that corporations and businesses should act with aware...

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  • October 15, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUSA 210
  • BUSA 210
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2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!


BUSA 2106 EXAM 1 QUESTIONS AND
ANSWERS 2024/2025
Law

→ rules that come from controlling authority that must be obeyed or there is a
consequence


Ethics

→ A set of moral principles or values that govern the conduct of an individual or a group


Corporate Social Responsiblity

→ States that corporations and businesses should act with awareness of the consequences
and impact that their decisions will have on others


Maximization of Profits theory


→ also called Shareholder Interest theory) - make profit


Moral Minimum

→ duty to follow the law


Stakeholder Interest Theory

→ have to consider other stakeholders interest in decision


Corporate Citizenship Theory

→ moral responsibility


English Common Law


1|Page| GradeA+ | 2 0 0 2 5

, 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!

→ Principles announced in the cases became precedent for later judges deciding similar
case


Legislative Branch

→ is the part of the United States government that creates laws


Judicial Branch

→ includes criminal and civil courts and helps interpret the United States Constitution


Executive Branch

→ the branch of government charged with the execution and enforcementof laws and
policies and the administration of public affairs


Constitution

→ Constitution of the United States of America, States that any law whether federal,
state, or local conflicting with the U.S. Constitution is unconstitutional and, therefore,
unenforceable, Established the structure of the federal government, State constitutions,
Establish the structure of the state government


Statue

→ Written laws that establish certain courses of conduct that covered parties must adhere
to


Act

→ A bill which has passed through the various legislative steps required for it and which
has become law. Related Terms: Statutes, Legislation, Law, Regulation, Enactment, Bill.
Synonymous with the term enactment or statute


Code



1|Page| GradeA+ | 2 0 0 2 5

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