Exam (elaborations)
NAU ACC 205 FINAL EXAM-QUESTIONS AND ANSWERS
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NAU ACC 205 FINAL EXAM-QUESTIONS AND ANSWERS
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NAU ACC 205 FINAL EXAM-QUESTIONS AND ANSWERStrespass to personal property Correct Ans-knowingly takes someone else's property
respondent superior Correct Ans-a principal is responsible for the acts of their agent
res ipsa loquitur Correct Ans-the person who had exclusive control over the thing that
caused the incident is said to be the negligent one
privilege against self-incrimination Correct Ans-provides that a person accused of a crime
cannot be required to testify against themself
prima facie discrimination Correct Ans-victim has sufficient evidence to prove discrimination;
employer usually does not win these cases
overtime Correct Ans-more than 40 hours a week = 1.5x pay
direct exporting Correct Ans-directly from seller to buyer (no middleman)
indirect exporting Correct Ans-has a middleman/ foreign agent (some laws exist that require
the business to have a national contact)
,FMLA (Family Medical Leave Act) Correct Ans-if a business has 50+ employees, 12 weeks of
unpaid family or medical leave during a 12 month period must be provided (exception: part-
time or newly hired employees (less than a year))
ADA (Americans with Disabilities Act) Correct Ans-prohibits discrimination against persons
who are otherwise qualified to perform essential functions of job
disability Correct Ans-physical or mental impairment that substantially limits one or more
major life activities, a record of such impairment, or being regarded as having such impairment
act of state doctrine Correct Ans-judicial branch of one government will not examine validity
of public acts committed by foreign government
administrative agency Correct Ans-state, local, or federal; given power through Congress
through enabling legislation; created for implementation of statutes(laws)
administrative law judge Correct Ans-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 Correct Ans-Congress/ federal government can regulate interstate
commerce
dormant commerce clause Correct Ans-implied that because Congress/ federal government
has the power to regulate interstate commerce, the states do not
, corporate social responsibility Correct Ans-combines good citizenship with ethical decisions,
improving society, and minimizing environmental impacts; not a law but encouraged
C--COVER (what it stands for) Correct Ans-codes of conduct
C--codes of conduct Correct Ans-the application of specific codes/ statutes of a profession
O--COVER (what it stands for) Correct Ans-outcomes
O--outcomes Correct Ans-greatest amount of good for the greatest number of people
(outcome based analysis/ utilitarianism/ cost/benefit analysis)
V--COVER (what it stands for) Correct Ans-values
V--values Correct Ans-reflected in a company's mission statement
E--COVER (what it stands for) Correct Ans-editorial
E--editorial Correct Ans-if your decision was publicized, would you still make the same
decision? (looking on a big scale)
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