NAU ACC 205 FINAL EXAM QUESTIONS
AND ANSWERS 100% PASS
act of state doctrine - ✔✔judicial branch of one government will not
examine validity of public acts committed by foreign government
administrative agency - ✔✔state, local, or federal; given power through
Congress through enabling legislation; created for implementation of
statutes(laws)
administrative law judge - ✔✔one who presides over an administrative
agency hearing and has the power to administer oaths, take testimony, rule
on questions of evidence, and make determinations of fact
commerce clause - ✔✔Congress/ federal government can regulate
interstate commerce
dormant commerce clause - ✔✔implied that because Congress/ federal
government has the power to regulate interstate commerce, the states do
not
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,corporate social responsibility - ✔✔combines good citizenship with ethical
decisions, improving society, and minimizing environmental impacts; not a
law but encouraged
C--COVER (what it stands for) - ✔✔codes of conduct
C--codes of conduct - ✔✔the application of specific codes/ statutes of a
profession
O--COVER (what it stands for) - ✔✔outcomes
O--outcomes - ✔✔greatest amount of good for the greatest number of
people (outcome based analysis/ utilitarianism/ cost/benefit analysis)
V--COVER (what it stands for) - ✔✔values
V--values - ✔✔reflected in a company's mission statement
E--COVER (what it stands for) - ✔✔editorial
E--editorial - ✔✔if your decision was publicized, would you still make the
same decision? (looking on a big scale)
R--COVER (what it stands for) - ✔✔rules
R--rules - ✔✔applies a universal standard; categorical imperative: what if
everyone followed or didn't follow a rule (stealing a pen)
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, diversity jurisdiction/ diversity of citizenship - ✔✔the power of the federal
courts to hear matters of state law if the opposing parties are from different
states and the amount in controversy exceeds $75,000
doctrine of sovereign immunity - ✔✔immunizes foreign nations from the
jurisdiction of US courts (if a criminal flees to a foreign country, the foreign
country must send them home (cannot hold trial in their country))
due process clause (14th amendment) - ✔✔"[n]o state shall...deprive any
person of life, liberty, or property, without due process of law..."
procedural due process - ✔✔right to a fair trial; government must give
proper notice and an opportunity to be heard before punishment
substantive due process - ✔✔government cannot take away your rights;
laws must be clear, fair, reasonable, and have a valid purpose
federal jurisdiction - ✔✔must be a federal question of law; must have
diversity of citizenship + $75,000
free exercise clause - ✔✔prohibits Congress from prohibiting freedom of
religion
commercial speech - ✔✔advertising; regulated to a certain extent; must be
truthful and not misleading
corporate political speech - ✔✔fully protected; same as if for an individual
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
AND ANSWERS 100% PASS
act of state doctrine - ✔✔judicial branch of one government will not
examine validity of public acts committed by foreign government
administrative agency - ✔✔state, local, or federal; given power through
Congress through enabling legislation; created for implementation of
statutes(laws)
administrative law judge - ✔✔one who presides over an administrative
agency hearing and has the power to administer oaths, take testimony, rule
on questions of evidence, and make determinations of fact
commerce clause - ✔✔Congress/ federal government can regulate
interstate commerce
dormant commerce clause - ✔✔implied that because Congress/ federal
government has the power to regulate interstate commerce, the states do
not
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,corporate social responsibility - ✔✔combines good citizenship with ethical
decisions, improving society, and minimizing environmental impacts; not a
law but encouraged
C--COVER (what it stands for) - ✔✔codes of conduct
C--codes of conduct - ✔✔the application of specific codes/ statutes of a
profession
O--COVER (what it stands for) - ✔✔outcomes
O--outcomes - ✔✔greatest amount of good for the greatest number of
people (outcome based analysis/ utilitarianism/ cost/benefit analysis)
V--COVER (what it stands for) - ✔✔values
V--values - ✔✔reflected in a company's mission statement
E--COVER (what it stands for) - ✔✔editorial
E--editorial - ✔✔if your decision was publicized, would you still make the
same decision? (looking on a big scale)
R--COVER (what it stands for) - ✔✔rules
R--rules - ✔✔applies a universal standard; categorical imperative: what if
everyone followed or didn't follow a rule (stealing a pen)
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, diversity jurisdiction/ diversity of citizenship - ✔✔the power of the federal
courts to hear matters of state law if the opposing parties are from different
states and the amount in controversy exceeds $75,000
doctrine of sovereign immunity - ✔✔immunizes foreign nations from the
jurisdiction of US courts (if a criminal flees to a foreign country, the foreign
country must send them home (cannot hold trial in their country))
due process clause (14th amendment) - ✔✔"[n]o state shall...deprive any
person of life, liberty, or property, without due process of law..."
procedural due process - ✔✔right to a fair trial; government must give
proper notice and an opportunity to be heard before punishment
substantive due process - ✔✔government cannot take away your rights;
laws must be clear, fair, reasonable, and have a valid purpose
federal jurisdiction - ✔✔must be a federal question of law; must have
diversity of citizenship + $75,000
free exercise clause - ✔✔prohibits Congress from prohibiting freedom of
religion
commercial speech - ✔✔advertising; regulated to a certain extent; must be
truthful and not misleading
corporate political speech - ✔✔fully protected; same as if for an individual
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
