Accountants |OA| Objective
Assessment | Questions and Correct
Answers Latest Update 2026 (Graded
A+)
14th Amendment
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
File a complaint, jury or judge, judgement, monetary damages or property
action in equity
File a petition, judge, decree, injunction, specific performance, or rescission
,administrative agency
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
The party who takes an appeal from one court to another.
appellee
The party against whom an appeal is taken—that is, the party who opposes
setting aside or reversing the judgment.
Bill of Rights
The first ten amendments to the U.S. Constitution.
binding authority
Any source of law that a court must follow when deciding a case.
breaches
,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
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
The rules of law announced in court decisions. Case law interprets statutes,
regulations, constitutional provisions, and other case law.
categorical imperative
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.
checks and balances
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
The branch of law dealing with the definition and enforcement of all private or
public rights, as opposed to criminal matters.
commerce clause
The provision in Article I, Section 8, of the U.S. Constitution that gives Congress
the power to regulate interstate commerce.
common law
a body of general rules that applied throughout the entire English realm
compelling government interest
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