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BUL 4421 Gendler Midterm Review FAU Exam Questions and Answers 100% Solved £11.29
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BUL 4421 Gendler Midterm Review FAU Exam Questions and Answers 100% Solved
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BUL 4421 Gendler Midterm Review FAU Exam Questions and Answers 100% Solved Relevant areas of business law - 1. Agency Law 2. Contracts 3. Employment and Labor Law 4. Employment Discrimination Relevant areas of business law are applicable to - Human Resource Management Private Law - Regulat...

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  • December 21, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bul 4421

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BUL 4421 Gendler Midterm Review FAU

Exam Questions and Answers 100%

Solved


Relevant areas of business law - ✔✔1. Agency Law

2. Contracts

3. Employment and Labor Law

4. Employment Discrimination

Relevant areas of business law are applicable to - ✔✔Human Resource

Management

Private Law - ✔✔Regulates disputes between private individuals or groups

Public Law - ✔✔Regulates disputes between private individuals and

government

Civil Law - ✔✔Delineates the rights and responsibilities implied in

relationships between persons and between persons and their government

Criminal Law - ✔✔Regulates incidents which someone commits an act

against the public as a whole

1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

,Hierarchy of Laws - ✔✔1. US Constitution

2. Federal Statutes

3. State Constitution

4. State Statutes

5. Common Law

Common Law - ✔✔Collection of legal interpretations made by judges, and

are law unless revoked by new statutory law

Precedent - ✔✔Past decisions in similar cases that guide later decisions

thereby providing greater stability and predictability to the law

Stare Decisis - ✔✔In which rulings made in higher courts become binding

precedent for lower courts

"Standing by their decision" - ✔✔Stare Decisis

When courts rely on precedent, they are obeying the principle of - ✔✔Stare

Decisis

Restatement of the Law - ✔✔Summaries of common law rules in a

particular area of the law that have been enacted in most states

Schools of Jurisprudence - ✔✔Natural Law, Legal Positivism, Historical

School, Legal Realism and Cost Benefit Analysis



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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

, Natural Law - ✔✔Describes certain ethical laws and principles believed to

be morally right and "above" the laws devised by humans

Legal Positivism - ✔✔Sees our proper role as obedience to duly authorized

law, and the law is distinct from morality

Historical School - ✔✔Following tradition or custom to shape the law,

closely linked with the doctrine of stare decisis

Legal Realism - ✔✔Judges should consider more than just the law;

consider factors such as social and economic conditions

Cost Benefit Analysis - ✔✔If law yields more benefits than costs then we

saved resources we can use to obtain more goods and services

Business Ethics - ✔✔The application of ethics to the special problems and

opportunities experienced by business people

Minimal Standards for firms to be ethical - ✔✔- The legality of the decision

in choosing a method of production

- How to compete with competing firms

- Social responsibilities of the firm

WPH Framework for Business Ethics - ✔✔- Who would this decision

affect?

- What is the Purpose of the decision?

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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

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