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Exam (elaborations)

MGMT 209 EXAM 1 || GRADED A+

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  • Module
  • Mgmt
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  • Mgmt

Business Law correct answers Enforceable rules of conduct that govern commercial relationships Private Law correct answers Involves disputes between private individuals or groups Public Law correct answers Involves disputes between private individuals or groups and their government Civil L...

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  • August 7, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • Mgmt
  • Mgmt
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MGMT 209 EXAM 1 || GRADED A+
Business Law correct answers Enforceable rules of conduct that govern commercial
relationships

Private Law correct answers Involves disputes between private individuals or groups

Public Law correct answers Involves disputes between private individuals or groups and their
government

Civil Law correct answers Involves the rights and responsibilities involved in relationships
between persons and between persons and their government

Criminal Law correct answers Involves incidents in which someone commits an act against
the public as a whole

Stare Decisis correct answers to stand on decided cases, is judge made law - helps courts be
more efficient and makes the law more predictable

Ethics correct answers The study of right and wrong behavior, whether an action is fair, right,
or unjust

Business Ethics correct answers the application of moral and ethical principles to the
marketplace and workplace

Social Responsibility correct answers promote goals that society considers worthwhile and
take positive steps towards solving problems

Kantian Ethics correct answers Belief that general guiding principles for moral behavior can
be derived from human nature

Utilitarianism correct answers an ethical theory that determines right from wrong by focusing
on outcomes (if it affects the majority adversely, it is morally wrong)

Original Jurisdiction correct answers The power to hear and decide cases when they first
enter the legal system

Appellate Jurisdiction correct answers The power to review previous judicial decisions to
determine whether trial courts erred in their decisions

In Personam Jurisdiction correct answers power of a court to compel the presence of the
parties (including corporations) to a dispute to appear before a court and litigate

In Rem Jurisdiction correct answers the power of a court over an item of real or personal
property (such as a piece of land or a marriage)

Long Arm Statute correct answers law which gives a local state court jurisdiction over an
out-of-state company or individual whose actions caused damage locally or to a local resident

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