Business Law 210 Exam 1 WSU Questions and Correct Verified Answers Latest Version

Morality refers to principals of right an wrong as determined by one's own __________. conscious Ethics are.... A set of rules of conduct (right vs. wrong) recognized by a particular group of individuals What is the main difference between violating your own morals, an ethical code, or a law? The punishment. Morals = feel bad. Ethics = censure, disciplinary procedures, or license suspension. Law = fines, damages, jail. Jurisprudence The philosophy of law Sarbanes Oxley Act Master01 | September, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Resulted in the installation of "ethics officers" Business ethics The application of the code to business decisions Stakeholder Anyone who is potentially impacted by an organization's actions Corporate Social Responsibility Duty that decision makers owe to society in general The trial court will create a record of the case which includes: Pleadings, Exhibits, Transcripts, findings of fact, rulings of law, the court's decision Appellant The party who loses in the trial court and brings the appeal Appellee Master01 | September, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ The part who won at trial and now had to defend in the appellate court U.S. District Courts Our federal trial courts Diversity of Citizenship Occurs when the parties are residents of different states and the amount in controversy exceed $75,000 Federal Question Legal dispute based on a federal statute. treaty, or the U.S. constitution amicus curiae briefs Unique, people interested in the outcome of a specific case can also submit their own brie