Constitution - ️️Constitution of the United States of America, States that any law
whether federal, state, or local conflicting with the U.S. Constitution is unconstitutional
and, therefore, unenforceable, Established the structure of the federal government,
State constitutions, Establish th...
BUSA 2106 Exam 1
Constitution - ✔️✔️Constitution of the United States of America, States that any law
whether federal, state, or local conflicting with the U.S. Constitution is unconstitutional
and, therefore, unenforceable, Established the structure of the federal government,
State constitutions, Establish the structure of the state government
Corporate Social Responsiblity - ✔️✔️States that corporations and businesses should
act with awareness of the consequences and impact that their decisions will have on
others
English Common Law - ✔️✔️Principles announced in the cases became precedent for
later judges deciding similar case
Law - ✔️✔️rules that come from controlling authority that must be obeyed or there is a
consequence
Ethics - ✔️✔️A set of moral principles or values that govern the conduct of an
individual or a group
Maximization of Profits theory - ✔️✔️also called Shareholder Interest theory) - make
profit
Moral Minimum - ✔️✔️duty to follow the law
Stakeholder Interest Theory - ✔️✔️have to consider other stakeholders interest in
decision
Corporate Citizenship Theory - ✔️✔️moral responsibility
Legislative Branch - ✔️✔️is the part of the United States government that creates laws
Judicial Branch - ✔️✔️includes criminal and civil courts and helps interpret the United
States Constitution
Executive Branch - ✔️✔️the branch of government charged with the execution and
enforcementof laws and policies and the administration of public affairs
Statue - ✔️✔️Written laws that establish certain courses of conduct that covered
parties must adhere to
, Act - ✔️✔️A bill which has passed through the various legislative steps required for it
and which has become law. Related Terms: Statutes, Legislation, Law, Regulation,
Enactment, Bill. Synonymous with the term enactment or statute
Code - ✔️✔️A systematic and comprehensive compilation of laws, rules, or regulations
that are consolidated and classified according to subject matter.
Treaty - ✔️✔️Compact made between two or more nations, Entered into by the
president with the advice and consent of two-thirds of the Senate
Executive Order - ✔️✔️Issued by the executive branch of government,President of the
United States, State governors
Administrative Agency - ✔️✔️Agencies that the legislative and executive branches of
federal and state governments are empowered to establish
Case Law - ✔️✔️the law as established by the outcome of former cases
Common Law - ✔️✔️the part of English law that is derived from custom and judicial
precedent rather than statutes. Often contrasted with statutory law
Precedent - ✔️✔️an earlier event or action that is regarded as an example or guide to
be considered in subsequent similar circumstances.
Stare decisis - ✔️✔️the legal principle of determining points in litigation according to
precedent.
State Trial Court - ✔️✔️of general jurisdiction may hear any civil or criminal case that is
not already exclusively within the jurisdiction of another court. Examples include the
United States district courts on the federal level and state-level trial courts such as the
New York Supreme Courts and the California Superior Courts.
State Court of Appeals - ✔️✔️(in the U.S. federal court system and some state court
systems) an appellate court intermediate between the trial courts and the court of last
resort.
State Supreme court - ✔️✔️he ultimate judicial tribunal in the court system of a
particular state (i.e., that state's court of last resort). Generally, the state supreme court,
like most appellate tribunals, is exclusively for hearing appeals of legal issues.
U.S. District courts - ✔️✔️The United States district courts are the general trial courts
of the United States federal court system. They are Known as the work horses because
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