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NAU ACC 205 FINAL EXAM QUESTIONS AND ANSWERS

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  • North Arizona University Tests 2024
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  • North Arizona University Tests 2024

NAU ACC 205 FINAL EXAM QUESTIONS AND ANSWERS act of state doctrine - ANSWER-judicial branch of one government will not examine validity of public acts committed by foreign government administrative agency - ANSWER-state, local, or federal; given power through Congress through enabling legislat...

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  • October 30, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • North Arizona University Tests 2024
  • North Arizona University Tests 2024
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NAU ACC 205 FINAL EXAM QUESTIONS

AND ANSWERS


act of state doctrine - ANSWER✔✔-judicial branch of one government will not examine validity of public

acts committed by foreign government


administrative agency - ANSWER✔✔-state, local, or federal; given power through Congress through

enabling legislation; created for implementation of statutes(laws)


administrative law judge - ANSWER✔✔-one who presides over an administrative agency hearing and has

the power to administer oaths, take testimony, rule on questions of evidence, and make determinations

of fact


commerce clause - ANSWER✔✔-Congress/ federal government can regulate interstate commerce


dormant commerce clause - ANSWER✔✔-implied that because Congress/ federal government has the

power to regulate interstate commerce, the states do not


corporate social responsibility - ANSWER✔✔-combines good citizenship with ethical decisions,

improving society, and minimizing environmental impacts; not a law but encouraged


C--COVER (what it stands for) - ANSWER✔✔-codes of conduct

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C--codes of conduct - ANSWER✔✔-the application of specific codes/ statutes of a profession


O--COVER (what it stands for) - ANSWER✔✔-outcomes


O--outcomes - ANSWER✔✔-greatest amount of good for the greatest number of people (outcome based

analysis/ utilitarianism/ cost/benefit analysis)


V--COVER (what it stands for) - ANSWER✔✔-values


V--values - ANSWER✔✔-reflected in a company's mission statement


E--COVER (what it stands for) - ANSWER✔✔-editorial


E--editorial - ANSWER✔✔-if your decision was publicized, would you still make the same decision?

(looking on a big scale)


R--COVER (what it stands for) - ANSWER✔✔-rules


R--rules - ANSWER✔✔-applies a universal standard; categorical imperative: what if everyone followed or

didn't follow a rule (stealing a pen)


diversity jurisdiction/ diversity of citizenship - ANSWER✔✔-the power of the federal courts to hear

matters of state law if the opposing parties are from different states and the amount in controversy

exceeds $75,000




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doctrine of sovereign immunity - ANSWER✔✔-immunizes foreign nations from the jurisdiction of US

courts (if a criminal flees to a foreign country, the foreign country must send them home (cannot hold

trial in their country))


due process clause (14th amendment) - ANSWER✔✔-"[n]o state shall...deprive any person of life, liberty,

or property, without due process of law..."


procedural due process - ANSWER✔✔-right to a fair trial; government must give proper notice and an

opportunity to be heard before punishment


substantive due process - ANSWER✔✔-government cannot take away your rights; laws must be clear,

fair, reasonable, and have a valid purpose


federal jurisdiction - ANSWER✔✔-must be a federal question of law; must have diversity of citizenship +

$75,000


free exercise clause - ANSWER✔✔-prohibits Congress from prohibiting freedom of religion


commercial speech - ANSWER✔✔-advertising; regulated to a certain extent; must be truthful and not

misleading


corporate political speech - ANSWER✔✔-fully protected; same as if for an individual


unprotected speech (types) - ANSWER✔✔-slander/ defamation (false, harmful statements)




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