WGU Business Law for
Accountants - D216
QUESTIONS AND VERIFIED
CORRECT ANSWERS
GRADED A+ LATEST 100%
GUARANTEED PASS
cyberlaw - CORRECT ANSWER-An informal term used to refer to all laws governing electronic
communications and transactions, particularly those conducted via the Internet.
damages - CORRECT ANSWER-A monetary award sought as a remedy for a breach of contract or
a tortious act.
defendant - CORRECT ANSWER-One against whom a lawsuit is brought, or the accused person
in a criminal proceeding.
defense - CORRECT ANSWER-Reasons that a defendant offers in an action or suit as to why the
plaintiff should not obtain what he or she is seeking.
dissenting opinion - CORRECT ANSWER-A court opinion that presents the views of one or more
judges or justices who disagree with the majority's decision.
due process clause - CORRECT ANSWER-The provisions of the Fifth and Fourteenth
Amendments to the U.S. Constitution that guarantee that no person shall be deprived of life,
liberty, or property without due process of law. Similar clauses are found in most state
constitutions.
,Duty-based ethics - CORRECT ANSWER-An ethical philosophy rooted in the idea that every
person has certain duties to others, including both humans and the planet. Those duties may be
derived from religious principles or from other philosophical reasoning.
Eighth Amendment - CORRECT ANSWER-Prohibits excessive bail and fines, as well as cruel and
unusual punishment.
Electronic Communications Privacy Act (1986) - CORRECT ANSWER-Prohibits the interception of
information communicated by electronic means.
equal protection clause - CORRECT ANSWER-The provision in the Fourteenth Amendment to
the U.S. Constitution that guarantees that no state will "deny to any person within its
jurisdiction the equal protection of the laws." This clause mandates that state governments
treat similarly situated individuals in a similar manner.
equitable maxims - CORRECT ANSWER-General propositions or principles of law that have to do
with fairness (equity).
establishment clause - CORRECT ANSWER-The provision in the First Amendment to the U.S.
Constitution that prohibits Congress from establishing a state-sponsored religion, as well as
from passing laws that promote religion or show a preference for one religion over another.
ethical reasoning - CORRECT ANSWER-A reasoning process in which an individual links his or her
moral convictions or ethical standards to the particular situation at hand.
ethics - CORRECT ANSWER-Moral principles and values applied to social behavior.
,executive agencies - CORRECT ANSWER-An administrative agency within the executive branch
of government. At the federal level, executive agencies are those within the cabinet
departments.
federal form of government - CORRECT ANSWER-A system of government in which the states
form a union and the sovereign power is divided between a central government and the
member states.
Fifth Amendment - CORRECT ANSWER-Guarantees the rights to indictment (formal accusation)
by a grand jury, to due process of law, and to fair payment when private property is taken for
public use. The Fifth Amendment also prohibits compulsory self-incrimination and double
jeopardy (trial for the same crime twice).
Financial Services Modernization Act (Gramm-Leach-Bliley Act) (1999) - CORRECT ANSWER-
Prohibits the disclosure of nonpublic personal information about a consumer to an unaffiliated
third party unless strict disclosure and opt-out requirements are met.
First Amendment - CORRECT ANSWER-Guarantees the freedoms of religion, speech, and the
press and the rights to assemble peaceably and to petition the government.
Four-Part Analysis - CORRECT ANSWER-When making decisions, a business should evaluate
each of the following: The legal implications of each decision. The public relations impact. The
safety risks for the consumers and employees. The financial implications.
Fourth Amendment - CORRECT ANSWER-Prohibits unreasonable searches and seizures of
persons or property.
free exercise clause - CORRECT ANSWER-The provision in the First Amendment to the U.S.
Constitution that prohibits Congress from making any law "prohibiting the free exercise" of
religion.
, Freedom of Information Act (1966) - CORRECT ANSWER-Provides that individuals have a right to
obtain access to information about them collected in government files.
full faith and credit clause - CORRECT ANSWER-A clause in Article IV, Section 1, of the U.S.
Constitution that provides that "Full Faith and Credit shall be given in each State to the public
Acts, Records, and Judicial Proceedings of every other State." The clause ensures that rights
established under deeds, wills, contracts, and the like in one state will be honored by the other
states and that any judicial decision with respect to such property rights will be honored and
enforced in all states.
Health Insurance Portability and Accountability Act (1996) - CORRECT ANSWER-Requires health-
care providers and health-care plans to inform patients of their privacy rights and of how their
personal medical information may be used. States that medical records may not be used for
purposes unrelated to health care or disclosed without permission.
independent regulatory agencies - CORRECT ANSWER-An administrative agency that is not
considered part of the government's executive branch and is not subject to the authority of the
president. Independent agency officials cannot be removed without cause.
IRAC - CORRECT ANSWER-method of legal reasoning. IRAC is an acronym formed from the first
letters of the words Issue, Rule, Application, and Conclusion.
laches - CORRECT ANSWER-The equitable doctrine that bars a party's right to legal action if the
party has neglected for an unreasonable length of time to act on his or her rights.
legal reasoning - CORRECT ANSWER-(1) The process of evaluating how various laws apply to a
given situation. (2) The process by which a judge harmonizes his or her opinion with the judicial
decisions in previous cases.
majority opinion - CORRECT ANSWER-A court opinion that represents the views of the majority
(more than half) of the judges or justices deciding the case.
Accountants - D216
QUESTIONS AND VERIFIED
CORRECT ANSWERS
GRADED A+ LATEST 100%
GUARANTEED PASS
cyberlaw - CORRECT ANSWER-An informal term used to refer to all laws governing electronic
communications and transactions, particularly those conducted via the Internet.
damages - CORRECT ANSWER-A monetary award sought as a remedy for a breach of contract or
a tortious act.
defendant - CORRECT ANSWER-One against whom a lawsuit is brought, or the accused person
in a criminal proceeding.
defense - CORRECT ANSWER-Reasons that a defendant offers in an action or suit as to why the
plaintiff should not obtain what he or she is seeking.
dissenting opinion - CORRECT ANSWER-A court opinion that presents the views of one or more
judges or justices who disagree with the majority's decision.
due process clause - CORRECT ANSWER-The provisions of the Fifth and Fourteenth
Amendments to the U.S. Constitution that guarantee that no person shall be deprived of life,
liberty, or property without due process of law. Similar clauses are found in most state
constitutions.
,Duty-based ethics - CORRECT ANSWER-An ethical philosophy rooted in the idea that every
person has certain duties to others, including both humans and the planet. Those duties may be
derived from religious principles or from other philosophical reasoning.
Eighth Amendment - CORRECT ANSWER-Prohibits excessive bail and fines, as well as cruel and
unusual punishment.
Electronic Communications Privacy Act (1986) - CORRECT ANSWER-Prohibits the interception of
information communicated by electronic means.
equal protection clause - CORRECT ANSWER-The provision in the Fourteenth Amendment to
the U.S. Constitution that guarantees that no state will "deny to any person within its
jurisdiction the equal protection of the laws." This clause mandates that state governments
treat similarly situated individuals in a similar manner.
equitable maxims - CORRECT ANSWER-General propositions or principles of law that have to do
with fairness (equity).
establishment clause - CORRECT ANSWER-The provision in the First Amendment to the U.S.
Constitution that prohibits Congress from establishing a state-sponsored religion, as well as
from passing laws that promote religion or show a preference for one religion over another.
ethical reasoning - CORRECT ANSWER-A reasoning process in which an individual links his or her
moral convictions or ethical standards to the particular situation at hand.
ethics - CORRECT ANSWER-Moral principles and values applied to social behavior.
,executive agencies - CORRECT ANSWER-An administrative agency within the executive branch
of government. At the federal level, executive agencies are those within the cabinet
departments.
federal form of government - CORRECT ANSWER-A system of government in which the states
form a union and the sovereign power is divided between a central government and the
member states.
Fifth Amendment - CORRECT ANSWER-Guarantees the rights to indictment (formal accusation)
by a grand jury, to due process of law, and to fair payment when private property is taken for
public use. The Fifth Amendment also prohibits compulsory self-incrimination and double
jeopardy (trial for the same crime twice).
Financial Services Modernization Act (Gramm-Leach-Bliley Act) (1999) - CORRECT ANSWER-
Prohibits the disclosure of nonpublic personal information about a consumer to an unaffiliated
third party unless strict disclosure and opt-out requirements are met.
First Amendment - CORRECT ANSWER-Guarantees the freedoms of religion, speech, and the
press and the rights to assemble peaceably and to petition the government.
Four-Part Analysis - CORRECT ANSWER-When making decisions, a business should evaluate
each of the following: The legal implications of each decision. The public relations impact. The
safety risks for the consumers and employees. The financial implications.
Fourth Amendment - CORRECT ANSWER-Prohibits unreasonable searches and seizures of
persons or property.
free exercise clause - CORRECT ANSWER-The provision in the First Amendment to the U.S.
Constitution that prohibits Congress from making any law "prohibiting the free exercise" of
religion.
, Freedom of Information Act (1966) - CORRECT ANSWER-Provides that individuals have a right to
obtain access to information about them collected in government files.
full faith and credit clause - CORRECT ANSWER-A clause in Article IV, Section 1, of the U.S.
Constitution that provides that "Full Faith and Credit shall be given in each State to the public
Acts, Records, and Judicial Proceedings of every other State." The clause ensures that rights
established under deeds, wills, contracts, and the like in one state will be honored by the other
states and that any judicial decision with respect to such property rights will be honored and
enforced in all states.
Health Insurance Portability and Accountability Act (1996) - CORRECT ANSWER-Requires health-
care providers and health-care plans to inform patients of their privacy rights and of how their
personal medical information may be used. States that medical records may not be used for
purposes unrelated to health care or disclosed without permission.
independent regulatory agencies - CORRECT ANSWER-An administrative agency that is not
considered part of the government's executive branch and is not subject to the authority of the
president. Independent agency officials cannot be removed without cause.
IRAC - CORRECT ANSWER-method of legal reasoning. IRAC is an acronym formed from the first
letters of the words Issue, Rule, Application, and Conclusion.
laches - CORRECT ANSWER-The equitable doctrine that bars a party's right to legal action if the
party has neglected for an unreasonable length of time to act on his or her rights.
legal reasoning - CORRECT ANSWER-(1) The process of evaluating how various laws apply to a
given situation. (2) The process by which a judge harmonizes his or her opinion with the judicial
decisions in previous cases.
majority opinion - CORRECT ANSWER-A court opinion that represents the views of the majority
(more than half) of the judges or justices deciding the case.
