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BUSA 2106 Exam 1 Questions and Answers 100% Pass
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BUSA 2106 Exam 1 Questions and Answers 100% Pass 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 corporati...

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  • November 30, 2024
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  • 2024/2025
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BUSA 2106 Exam 1 Questions and Answers 100%
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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 - ✔✔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,




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, 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 - ✔✔A systematic and comprehensive compilation of laws, rules, or regulations that are

consolidated and classified according to subject matter.


Treaty - ✔✔Compact made between two or more nations, Entered into by the president with the advice

and consent of two-thirds of the Senate


Executive Order - ✔✔Issued by the executive branch of government,President of the United States, State

governors


Administrative Agency - ✔✔Agencies that the legislative and executive branches of federal and state

governments are empowered to establish


Case Law - ✔✔the law as established by the outcome of former cases


Common Law - ✔✔the part of English law that is derived from custom and judicial precedent rather than

statutes. Often contrasted with statutory law


Precedent - ✔✔an earlier event or action that is regarded as an example or guide to be considered in

subsequent similar circumstances.


Stare decisis - ✔✔the legal principle of determining points in litigation according to precedent.


State Trial Court - ✔✔of general jurisdiction may hear any civil or criminal case that is not already

exclusively within the jurisdiction of another court. Examples include the United States district courts on

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