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WGU Business Law for Accountants - D216 FINAL EXAM
BANK 2 VERSIONS CURRENTLY TESTING COMPLETE
EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS
/EXPERT VERIFIED /ALREADY GRADED A+
14th Amendment - ANSWERS--passed in 1868 after the Civil War,
provides, in part, that "[n]o State shall . . . deprive any person of life,
liberty, or property, without due process of law."
action at law - ANSWERS--File a complaint, jury or judge, judgement,
monetary damages or property
action in equity - ANSWERS--File a petition, judge, decree, injunction,
specific performance, or rescission
administrative agency - ANSWERS--A federal or state government
agency created by the legislature to perform a specific function, such
as to make and enforce rules pertaining to the environment.
appellant - ANSWERS--The party who takes an appeal from one court
to another.
appellee - ANSWERS--The party against whom an appeal is taken—
that is, the party who opposes setting aside or reversing the
judgment.
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Bill of Rights - ANSWERS--The first ten amendments to the U.S.
Constitution.
binding authority - ANSWERS--Any source of law that a court must
follow when deciding a case.
breaches - ANSWERS--To violate a law, by an act or an omission, or
to break a legal obligation that one owes to another person or to
society.
business ethics - ANSWERS--Ethics in a business context; a consensus
of what constitutes right or wrong behavior in the world of business
and the application of moral principles to situations that arise in a
business setting.
case law - ANSWERS--The rules of law announced in court decisions.
Case law interprets statutes, regulations, constitutional provisions,
and other case law.
categorical imperative - ANSWERS--A concept developed by the
philosopher Immanuel Kant as an ethical guideline for behavior. In
deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what
would happen if everybody else in the same situation, or category,
acted the same way.
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checks and balances - ANSWERS--The system by which each of the
three branches of the U.S. national government (executive,
legislative, and judicial) exercises checks on the powers of the other
branches.
Civil law - ANSWERS--The branch of law dealing with the definition
and enforcement of all private or public rights, as opposed to
criminal matters.
commerce clause - ANSWERS--The provision in Article I, Section 8, of
the U.S. Constitution that gives Congress the power to regulate
interstate commerce.
common law - ANSWERS--a body of general rules that applied
throughout the entire English realm
compelling government interest - ANSWERS--A test of
constitutionality that requires the government to have compelling
reasons for passing any law that restricts fundamental rights, such as
free speech, or distinguishes between people based on a suspect
trait.
concurring opinion - ANSWERS--A court opinion by one or more
judges or justices who agree with the majority but want to make or
emphasize a point that was not made or emphasized in the
majority's opinion.
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Constitutional law - ANSWERS--Law that is based on the U.S.
Constitution and the constitutions of the various states.
Corporate social responsibility (CSR) - ANSWERS--The concept that
corporations can and should act ethically and be accountable to
society for their actions.
cost-benefit analysis - ANSWERS--A decision-making technique that
involves weighing the costs of a given action against the benefits of
the action.
courts of equity - ANSWERS--A court that decides controversies and
administers justice according to the rules, principles, and precedents
of equity.
courts of law - ANSWERS--A court in which the only remedies that
can be granted are things of value, such as money damages. In the
early English king's courts, courts of law were distinct from courts of
equity.
Criminal law - ANSWERS--The branch of law that defines and
punishes wrongful actions committed against the public.
cyberlaw - ANSWERS--An informal term used to refer to all laws
governing electronic communications and transactions, particularly
those conducted via the Internet.
WGU Business Law for Accountants - D216 FINAL EXAM
BANK 2 VERSIONS CURRENTLY TESTING COMPLETE
EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS
/EXPERT VERIFIED /ALREADY GRADED A+
14th Amendment - ANSWERS--passed in 1868 after the Civil War,
provides, in part, that "[n]o State shall . . . deprive any person of life,
liberty, or property, without due process of law."
action at law - ANSWERS--File a complaint, jury or judge, judgement,
monetary damages or property
action in equity - ANSWERS--File a petition, judge, decree, injunction,
specific performance, or rescission
administrative agency - ANSWERS--A federal or state government
agency created by the legislature to perform a specific function, such
as to make and enforce rules pertaining to the environment.
appellant - ANSWERS--The party who takes an appeal from one court
to another.
appellee - ANSWERS--The party against whom an appeal is taken—
that is, the party who opposes setting aside or reversing the
judgment.
,2|Page
Bill of Rights - ANSWERS--The first ten amendments to the U.S.
Constitution.
binding authority - ANSWERS--Any source of law that a court must
follow when deciding a case.
breaches - ANSWERS--To violate a law, by an act or an omission, or
to break a legal obligation that one owes to another person or to
society.
business ethics - ANSWERS--Ethics in a business context; a consensus
of what constitutes right or wrong behavior in the world of business
and the application of moral principles to situations that arise in a
business setting.
case law - ANSWERS--The rules of law announced in court decisions.
Case law interprets statutes, regulations, constitutional provisions,
and other case law.
categorical imperative - ANSWERS--A concept developed by the
philosopher Immanuel Kant as an ethical guideline for behavior. In
deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what
would happen if everybody else in the same situation, or category,
acted the same way.
,3|Page
checks and balances - ANSWERS--The system by which each of the
three branches of the U.S. national government (executive,
legislative, and judicial) exercises checks on the powers of the other
branches.
Civil law - ANSWERS--The branch of law dealing with the definition
and enforcement of all private or public rights, as opposed to
criminal matters.
commerce clause - ANSWERS--The provision in Article I, Section 8, of
the U.S. Constitution that gives Congress the power to regulate
interstate commerce.
common law - ANSWERS--a body of general rules that applied
throughout the entire English realm
compelling government interest - ANSWERS--A test of
constitutionality that requires the government to have compelling
reasons for passing any law that restricts fundamental rights, such as
free speech, or distinguishes between people based on a suspect
trait.
concurring opinion - ANSWERS--A court opinion by one or more
judges or justices who agree with the majority but want to make or
emphasize a point that was not made or emphasized in the
majority's opinion.
, 4|Page
Constitutional law - ANSWERS--Law that is based on the U.S.
Constitution and the constitutions of the various states.
Corporate social responsibility (CSR) - ANSWERS--The concept that
corporations can and should act ethically and be accountable to
society for their actions.
cost-benefit analysis - ANSWERS--A decision-making technique that
involves weighing the costs of a given action against the benefits of
the action.
courts of equity - ANSWERS--A court that decides controversies and
administers justice according to the rules, principles, and precedents
of equity.
courts of law - ANSWERS--A court in which the only remedies that
can be granted are things of value, such as money damages. In the
early English king's courts, courts of law were distinct from courts of
equity.
Criminal law - ANSWERS--The branch of law that defines and
punishes wrongful actions committed against the public.
cyberlaw - ANSWERS--An informal term used to refer to all laws
governing electronic communications and transactions, particularly
those conducted via the Internet.
