BUSA 2106 MIDTERM EXAM QUESTIONS AND ANSWERS 100% PASS

BUSA 2106 MIDTERM EXAM QUESTIONS AND ANSWERS 100% PASS the branch of government that is primarily responsible for interpreting the laws of the land - judicial branch the ____ system is an important part of the tripartite system of government in the united states - court jurisprudence - the study of law, legal systems, and legal philosophy law and "rule of law" are synonymous terms - false corporate governance - the law protecting the owners of a business organization from the managers who run it for them _________ jurisprudence supports the idea that law can and should change to meet new developments in society - sociological __________________ law covers the legal principles that apply to government agencies, bureaus, boards, or commissions - administrative law in the counties and cities is called - ordinances the _____________ ethic proved to be a great influence on modern capitalism, but its focus on absolute moral values was replaced by a focus on wealth and mass consumption - protestant modern business ethics reflects elements of both formalism and consequentialism, but tends to focus more heavily on ____________. - consequentialism Page 2/10 ©EmilyCharlene 2024. All Rights Reserved. burberry is a luxury brand that has its own distinctive trademark pattern. the company recently learned that another retailer has been selling fake burberry bags. the legal dispute that will arise here is governed by ____ law. - property it is a _________ based legal system that enables control by allowing people to exclude others from interfering with what their efforts produce. - property property can be thought of as the central concept underlying ________ legal systems - western contract law - enables an owner to exchange resources, especially at a future date which idea of law tries to go beyond just the words of law to examine what police, administrators, prosecutors, and judges are actually doing as they enforce, interpret, and apply laws? - legal realism _______ law courts do not make law nor do their judges think themselves obligated to follow prior judicial decisions, called precedents. - civil ________________ law covers the legal principles that apply to government agencies, bureaus, boards, or commissions. - administrative _________________ law deals with the method and means by which substantive law is made and administered. - procedural ________________ law defines the legal relationship of people with other people or between them and the state. - substantive a _____ is a civil wrong other than a breach of contract. - tort under the ______________, laws that are made are generally and equally applicable. they apply to all or most members of society and they apply to various groups in the same way. under the rule of law, law applies to lawmakers as well as the rest of society. - rule of law Page 3/10 ©EmilyCharlene 2024. All Rights Reserved. according to aristotle and other ancient philosophers, ________ law theory asserts that law contains universal moral principles. - natural the _______________ amendment to the u.s. constitution asserts the right to "bear arms" or weapons. - second ________ law includes those matters that involve the regulation of society as opposed to individuals interacting. - public diverse societies are characterized as societies that have a single, unified system of ethical values that guide behavior - false _____law covers those legal problems and issues that concern your private resource relationships with other people. - private in federal law, the legislation passed by the congress is called an act or _______. - statute _______________ is the doctrine of prior precedents. the latin meaning of these words is "let the prior decision stand" - stare decisis a _______ is a business chartered by the state to do business as a legal person in a certain form of organization. - corporation the three basic forms of business organizations - sole proprietorships, general partnerships, and corporations __________ form of organizations enables shareholders to transfer their ownership without interfering with the organization's management. - corporate a sole proprietor has limited liability for the obligations of the proprietorship. - false a dissolution essentially terminates the business of a partnership. - false