Mgmt 254 Final Purdue Updated Actual Questions And Correct Answers

MGMT 254 FINAL PURDUE UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS

Question:
1. Procedural Law
Answer:
Governs the processes by which the law is enforced, such as court procedures, rules of evidence, and the
steps in a lawsuit (filing complaints, service of process, discovery, etc.).

Question:
2. Substantive Law
Answer:
Defines legal rights and obligations (e.g., contracts, torts, and property law).

Question:
3. Monetary Damages
Answer:
Financial compensation for harm or loss. Includes compensatory damages (restore plaintiff's position) and
punitive damages (punish defendant).

Question:
4. Equity
Answer:
Remedies other than money, such as injunctions or specific performance (compelling someone to fulfill a
contract).

Question:
5. General Jurisdiction
Answer:
Authority over a broad range of cases.

Question:
6. Original Jurisdiction
Answer:
Hear original proceedings (jury makes decision based on witnesses).

Question:
7. Subject Matter Jurisdiction
Answer:
Authority over specific case types (e.g., bankruptcy, family law).

Question:
8. Special/Limited Jurisdiction
Answer:
State can only handle cases involving less than $10,000.

,Question:
9. Complaint
Answer:
Plaintiff files a claim to start the case.

Question:
10. Service of Process
Answer:
Defendant is notified of the lawsuit.

Question:
11. Defendant's Response
Answer:
Answer, motion to dismiss, counter claim (damages on plaintiff), pleading.

Question:
12. Discovery
Answer:
Deposition, impeach (if deposition not consistent with trial), interrogatories, request documents.

Question:
13. Motion for Summary Judgment
Answer:
If case has no facts, using deposition the court can decide case as a matter of law.

Question:
14. Trial
Answer:
Jury selection, opening statements, present evidence (plaintiff direct and cross, redirect exam attorney asks
witness again, recross exam) could have motion for directed verdict when no defense to recover.

Question:
15. Post-Trial
Answer:
May involve appeals, execution of judgment, or garnishment, and recovery costs.

Question:
16. Arbitration
Answer:
Binding decision by a neutral arbitrator.

Question:
17. Mediation
Answer:
Non-binding facilitation of settlement by a mediator.

,Question:
18. Positive Law
Answer:
Aligns with enacted laws; if legal, then moral.

Question:
19. Natural Law
Answer:
Holds individuals to universal ethical standards beyond the law.

Question:
20. Kant's Categorical Imperative
Answer:
Can't use someone to get one-sided benefits.

Question:
21. Social Contract Theory
Answer:
Universal standards result in fairness.

Question:
22. Rights Theory
Answer:
Everyone has rights and government should protect them.

Question:
23. Ethical Egoism
Answer:
Prioritizes actions benefiting oneself.

Question:
24. Utilitarianism
Answer:
Seeks the greatest good for the greatest number.

Question:
25. Moral Relativism
Answer:
Ethical behavior depends on the situation.

Question:
26. Blanchard and Peale Test
Answer:
Ask, 'Is it legal? Is it balanced? How does it make me feel?' (look into positive law).

, Question:
27. Front-Page Test
Answer:
Would you be comfortable if your actions were publicized?

Question:
28. Laura Nash Model
Answer:
Encourages examining actions from multiple perspectives, defining the problem helps eliminate next time.

Question:
29. Price Fixing
Answer:
Competitors agree to set prices instead of competing independently.

Question:
30. Monopolization
Answer:
Every contract in the form of trust, conspiracy, restraint of trade is illegal; guilty of a felony if doing so.

Question:
31. Mergers Among Competitors
Answer:
No corporation should acquire the whole or any part of assets of another company.

Question:
32. Price Discrimination
Answer:
When a seller charges different prices to different buyers for like grade and quality that results in reduced
competition.

Question:
33. Exclusive Dealings
Answer:
There must be enough interbrand competition to justify exclusive dealings.

Question:
34. Mergers along Supply Chain
Answer:
Can't merge if it forces foreclosure or lessens competition.

Question:
35. Resale Price
Answer:
Helps control prices retailers charge for goods.