BUL 3320-Law and Business Exam 1, Welker, USF, EXAM with Questions and 100% Correct Answers
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Course
BUL 3320
Institution
BUL 3320
Moral Philosophy - Answer Principles, rules, and values people use in deciding what is
right or wrong.
Moral Psychology - Answer The study of the way humans think about morality, make
moral judgments, and behave in morally relevant situations.
BUL 3320-Law and Business Exam 1, Welker,
USF, EXAM with Questions and 100% Correct
Answers
Moral Philosophy - Answer Principles, rules, and values people use in deciding what is
right or wrong.
Moral Psychology - Answer The study of the way humans think about morality, make
moral judgments, and behave in morally relevant situations.
Utilitarianism - Answer A moral theory which dictates that people must choose the
action or follow the rule that provides the greatest good to society.
Rawl's Social Justice Theory - Answer A moral theory which asserts that fairness is the
essence of justice. (Social Contract)
Social Contract - Answer An implicit agreement among the members of a society to
cooperate for social benefits.
Section 406 (Sarbanes-Oxley Act) - Answer Section of an Act that requires a public
company to disclose whether it has adopted a code of ethics for senior financial officers,
including its principal financial officer and principal accounting officer.
Social Responsibility - Answer Business: A theory that requires corporations and
businesses to act with awareness of the consequences and impact that their decisions
will have on others.
, Maximizing Profits - Answer Business: A theory of social responsibility which says that a
corporation owes a duty to take actions that maximize profits for shareholders.
Citizens United vs. FEC - Answer Court Case: Should corporations have the same First
Amendment free speech rights as individuals.
U.S. District Courts - Answer The federal court system's trial courts of general
jurisdiction. Serves only a certain geographical area.
Special Federal Courts - Answer Federal courts that hear matters of specialized or
limited jurisdiction. Established by Congress. (ie. U.S. Tax Court, U.S. Bankruptcy Court,
etc.)
SCOTUS - Answer The highest court in the United States, created by Article III of the
constitution.
Petition of Certiorari - Answer A petition asking the Supreme Court to hear a case.
Writ of Certiorari - Answer An official notice that the Supreme Court will review a case.
Federal Question - Answer Type of Jurisdiction of Federal Courts: Cases arising under the
U.S. Constitution, treaties, and federal statutes and regulations.
Diversity of Citizenship - Answer Type of Jurisdiction of Federal Courts: Cases between
citizens of different states or between a citizen of a state and a citizen or subject of a
foreign country.
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