Exam (elaborations)
Business Law Midterm (Ivy Tech) Questions With Complete Solutions
- Course
- Institution
Business Law Midterm (Ivy Tech) Questions With Complete Solutions
[Show more]
Seller
Follow
Classroom
Reviews received
Content preview
Business Law Midterm (Ivy Tech) Questions With CompleteSolutions
Administrative Law Correct Answers The body of law created
by administrative agencies (in the form of rules, regulations,
orders, and decisions) in order to carry out their duties and
responsibilities.
Alternative Dispute Resolution (ADR) Correct Answers The
resolution of disputes in ways other than those involved in the
traditional judicial process. Negotiation, mediation, and
arbitration are forms of ADR.
Arbitration Correct Answers settling a dispute by agreeing to
accept the decision of an impartial outsider
Bankruptcy Court/ Federal Court Correct Answers Handles
only bankruptcy proceedings
Bill of Rights Correct Answers The first ten amendments to the
Constitution, 1791
Case Law Correct Answers the rules of law announced in court
decisions
Categorical Imperative Correct Answers A concept developed
by the philosopher Immanuel Kant as an ethical guideline for
behavior. In deciding whether an action is right or wrong, or
desirable or undesirable, a person should evaluate the action in
terms of what would happen if everybody else in the same
situation, or category, acted the same way.
, Common Law Correct Answers A body of general rules that
applied throughout the entire English realm
Common types of diversity jurisdiction require Correct
Answers 1. Plaintiff and defendant must be residents of
different states
2. dollar amount in controversy must exceed $75,000
concurrent jurisdiction Correct Answers authority for both state
and federal courts to hear and decide cases
confederal form of government Correct Answers Following the
revolutionary war, US created this in which the states had
authority to govern themselves and the national government
could exercise only limited powers
Constitutional Law Correct Answers The fundamental
principles by which the government exercises its authority
Corporate Social Responsibility Correct Answers a business's
concern for society's welfare
1. environmental efforts
2. Ethical labor practices
3. Charitable donations
4. Volunteering
Disparagement of Property Correct Answers An economically
injurious false statement made about another's product or
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Classroom. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R198,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73091 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now