FAU BUL MIDTERM PROF. GENDLER
EXAM QUESTIONS AND ANSWERS
private law - Correct Answers -regulates between private individuals or groups
public law - Correct Answers -regulates between private individuals and the government
civil law - Correct Answers -defines rights and responsibilities of persons and
government
criminal law - Correct Answers -someone commits act against public as a whole
statutory law - Correct Answers -assortment of statutes or rules and regulations put
forth by legislations
hierarchy of law - Correct Answers -1. U.S. Constitution
2. Federal Statutes
3. State Statutes
4. Common Law
common law - Correct Answers -collection of legal interpretation made by judges and
are the law unless revoked by new statutory law
precedent - Correct Answers -past decision of similar cases guide, later decisions by
providing greater stability and predictability to the law
stare decisis - Correct Answers -when courts rely on precedent, they are obeying the
principle of stare decisis--standing by their decision
restatement of the law - Correct Answers -summaries of common law rules in a
particular area of law that have been enacted in most states
schools of jurisprudence - Correct Answers -natural law, legal positivism, historical
school, legal realism, cost/benefit analysis
business ethics - Correct Answers -the application of ethics to the special problem
experienced by business people
stakeholders - Correct Answers -groups of people affected by the firm's decisions
, stakeholders include - Correct Answers -employees, overseas shareholders, customers,
management, community, and future generations
values - Correct Answers -basis unit of business ethics
public disclosure - Correct Answers -if the public knew about the decision how would
they want to decide
universialization test - Correct Answers -what would the world be like if our decisions
were made by everyone else?
theories of business ethics - Correct Answers -ethical relativism, absolution,
consequentialism, utilitarianism, principles of rights, virtue ethics
ethical relativism - Correct Answers -realistically use own ethics, denies the existence of
objective standards, individuals must evaluate actions based what they feel is before for
themselves, individuals must evaluate actions based what they feel is best for
themselves
absolutism - Correct Answers -individuals must defer to a set of rules to guide them
through the ethical decision making process
consequentialism - Correct Answers -requires inquiry into the consequence of a
decision when addressing ethical dilemmas
utilitarianism - Correct Answers -managers should take actions that provide the greatest
good after having subtracted harm associated with the action in question
principles of rights - Correct Answers -whether a business decision is ethical depends
on how the decision affects all those involved
virtue ethics - Correct Answers -the development of virtues or positive character traits
such as courage, justice, and truthfull-ness, is the basis for morality
jury selection - Correct Answers -voir dire
vior dire - Correct Answers -the process selects the jurors who will decide the cases as
well two or three alternatives jurors
peremptory challenge - Correct Answers -allow a party to challenge a certain number of
potential jurors without giving a reason
exception - Correct Answers -a party cannot use a peremptory challenge based solely
on race or gender
EXAM QUESTIONS AND ANSWERS
private law - Correct Answers -regulates between private individuals or groups
public law - Correct Answers -regulates between private individuals and the government
civil law - Correct Answers -defines rights and responsibilities of persons and
government
criminal law - Correct Answers -someone commits act against public as a whole
statutory law - Correct Answers -assortment of statutes or rules and regulations put
forth by legislations
hierarchy of law - Correct Answers -1. U.S. Constitution
2. Federal Statutes
3. State Statutes
4. Common Law
common law - Correct Answers -collection of legal interpretation made by judges and
are the law unless revoked by new statutory law
precedent - Correct Answers -past decision of similar cases guide, later decisions by
providing greater stability and predictability to the law
stare decisis - Correct Answers -when courts rely on precedent, they are obeying the
principle of stare decisis--standing by their decision
restatement of the law - Correct Answers -summaries of common law rules in a
particular area of law that have been enacted in most states
schools of jurisprudence - Correct Answers -natural law, legal positivism, historical
school, legal realism, cost/benefit analysis
business ethics - Correct Answers -the application of ethics to the special problem
experienced by business people
stakeholders - Correct Answers -groups of people affected by the firm's decisions
, stakeholders include - Correct Answers -employees, overseas shareholders, customers,
management, community, and future generations
values - Correct Answers -basis unit of business ethics
public disclosure - Correct Answers -if the public knew about the decision how would
they want to decide
universialization test - Correct Answers -what would the world be like if our decisions
were made by everyone else?
theories of business ethics - Correct Answers -ethical relativism, absolution,
consequentialism, utilitarianism, principles of rights, virtue ethics
ethical relativism - Correct Answers -realistically use own ethics, denies the existence of
objective standards, individuals must evaluate actions based what they feel is before for
themselves, individuals must evaluate actions based what they feel is best for
themselves
absolutism - Correct Answers -individuals must defer to a set of rules to guide them
through the ethical decision making process
consequentialism - Correct Answers -requires inquiry into the consequence of a
decision when addressing ethical dilemmas
utilitarianism - Correct Answers -managers should take actions that provide the greatest
good after having subtracted harm associated with the action in question
principles of rights - Correct Answers -whether a business decision is ethical depends
on how the decision affects all those involved
virtue ethics - Correct Answers -the development of virtues or positive character traits
such as courage, justice, and truthfull-ness, is the basis for morality
jury selection - Correct Answers -voir dire
vior dire - Correct Answers -the process selects the jurors who will decide the cases as
well two or three alternatives jurors
peremptory challenge - Correct Answers -allow a party to challenge a certain number of
potential jurors without giving a reason
exception - Correct Answers -a party cannot use a peremptory challenge based solely
on race or gender
