MGT 2050 Final Exam ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Functions of laws Keep the peace, Enforce rules to maintain order, Facilitate planning, Promote
social justice, Prevent undesirable behavior, Settle private and public disputes,
Provide clear rules on how institutions (like governments) should run
Risk management an evaluation of risks and how to minimize those risks
, Jurisprudence the study of law
Administrative Law Regulates aspects of how business is conducted and attempts to mitigate some of
the harms created by business
Judicial Review the court has the power to find any law unconstitutional. The court has the final
say on how the constitution should be interpreted and applied
PreTrial begins with the pleadings, complaint is filed
Trial trial by jury
PostTrial either party can appeal the judgement
IRAC Issue, Rule, Analysis, Conclusion
Issue What question the court must decide
Rule What laws, precedent, or principles must the court us to answer the question?
Analysis How does the court answer the question (longest part)
Conclusion What is the court's answer to the question?
Majority Opinion a judgement based on the majority if more than one judge is sitting on a panel to
hear the case
Concurring Opinion If more than one judge is hearing a cse, some members of the court may choose
to write a separate opinion
Dissenting Opinion an opinion that disagrees with both of the reasoning and the conclusion of the
majority opinion
Functions of laws Keep the peace, Enforce rules to maintain order, Facilitate planning, Promote
social justice, Prevent undesirable behavior, Settle private and public disputes,
Provide clear rules on how institutions (like governments) should run
Risk management an evaluation of risks and how to minimize those risks
, Jurisprudence the study of law
Administrative Law Regulates aspects of how business is conducted and attempts to mitigate some of
the harms created by business
Judicial Review the court has the power to find any law unconstitutional. The court has the final
say on how the constitution should be interpreted and applied
PreTrial begins with the pleadings, complaint is filed
Trial trial by jury
PostTrial either party can appeal the judgement
IRAC Issue, Rule, Analysis, Conclusion
Issue What question the court must decide
Rule What laws, precedent, or principles must the court us to answer the question?
Analysis How does the court answer the question (longest part)
Conclusion What is the court's answer to the question?
Majority Opinion a judgement based on the majority if more than one judge is sitting on a panel to
hear the case
Concurring Opinion If more than one judge is hearing a cse, some members of the court may choose
to write a separate opinion
Dissenting Opinion an opinion that disagrees with both of the reasoning and the conclusion of the
majority opinion
