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NAU ACC 205 FINAL EXAM QUESTIONS WITH 100% SOLVED SOLUTIONS
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  • NAU ACC 205

dormant commerce clause - implied that because Congress/ federal government has the power to regulate interstate commerce, the states do not diversity jurisdiction/ diversity of citizenship - the power of the federal courts to hear matters of state law if the opposing parties are from different ...

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  • August 17, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • nau acc 205

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  • NAU ACC 205
  • NAU ACC 205

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NAU ACC 205 FINAL EXAM
dormant commerce clause - implied that because Congress/ federal government has the power to
regulate interstate commerce, the states do not



diversity jurisdiction/ diversity of citizenship - 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



administrative agency - state, local, or federal; given power through Congress through enabling
legislation; created for implementation of statutes(laws)



administrative law judge - 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 - Congress/ federal government can regulate interstate commerce

corporate social responsibility - combines good citizenship with ethical decisions, improving
society, and minimizing environmental impacts; not a law but encouraged



C--COVER (what it stands for) - codes of conduct



C--codes of conduct - the application of specific codes/ statutes of a profession



O--COVER (what it stands for) - outcomes



O--outcomes - greatest amount of good for the greatest number of people (outcome based
analysis/ utilitarianism/ cost/benefit analysis)



V--COVER (what it stands for) - values

, V--values - reflected in a company's mission statement



E--COVER (what it stands for) - editorial



E--editorial - if your decision was publicized, would you still make the same decision? (looking on a
big scale)



R--COVER (what it stands for) - rules



R--rules - applies a universal standard; categorical imperative: what if everyone followed or didn't
follow a rule (stealing a pen)



doctrine of sovereign immunity - immunizes foreign nations from the jurisdiction of US courts (if a
criminal flees to a foreign country, the foreign country must send them home (cannot hold trial in their
country))

act of state doctrine - judicial branch of one government will not examine validity of public acts
committed by foreign government




due process clause (14th amendment) - "[n]o state shall...deprive any person of life, liberty, or
property, without due process of law..."



substantive due process - government cannot take away your rights; laws must be clear, fair,
reasonable, and have a valid purpose



federal jurisdiction - must be a federal question of law; must have diversity of citizenship +
$75,000



free exercise clause - prohibits Congress from prohibiting freedom of religion

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