WGU D216 Business Law For Accountants –
Questions With Complete Solutions
Save
Terms in this set (373)
The US Constitution sets forth the limits and powers
government's
Laws enacted by legislative bodies at statutory law
any level of government make up the
body of law generally referred to as
The Uniform Commercial Code commercial transactions
provides a set of rules governing
Administrative law includes the rules, orders, and decisions of a government
agency
The classification of law that concerns civil law
the rights and duties that exist
between persons and between
citizens and their government is
Criminal statutes proscribe what? Wrongs committed against society for which society
demands redress.
In a civil case, the object is to obtain a remedy to compensate the injured party
In a criminal case, the object is to punish a wrongdoer to deter others from similar
actions
A precedent is court decision that furnishes an example of deciding
subsequent cases involving similar or identical facts
or principles
,Each court has a jurisdiction. the geographic area in which a court has the power
Jurisdiction is best defined as to apply the law
When Lara and Mick cannot resolve the plaintiff
their dispute amicably, Lara initiates a
lawsuit against Mick. Lara is
In a case the court may rule contrary is incorrect or inapplicable
to a precedent if the court decides
that the precedent
The federal government has the the commerce clause
power to regulate commercial
activities among states under
NatGas Corporation obtains a federal the supremacy clause
license to operate a gas pipeline
through a certain area of Oregon. The
Oregon state legislature enacts a law
that bans gas pipelines in that area.
Most likely, the state law violates
Jamal, a law enforcement agent, privacy
monitors Kaya's internet activities--
email and websites visited--to gain
access to her personal financial data
and student information. this may
violate Kaya's right to
To reduce traffic, Market Town enacts equal protection
an ordinance that allows only a few
specific street vendors to operate in
certain areas. A court would likely
review this ordinance under the
principles of
,Cloud Source LLC sells to Distribution ethical and legal
Inc. a promising idea for a
technological innovation that looks
promising but that is still being
developed. This sale is
Built-It Inc. applied an inexpensive but unethical because the technique was untested
untested technique to brace a transit
tunnel wall. The technique was legal,
but the tunnel collapsed, killing
several commuters. Built-It's action
was
The National Association of the commitment of NAM's members to enforcing the
Manufacturers (NAM) announces a code
new industry code of ethics. The
effectiveness of this code will be
determined by
Company managers are most likely to taking immediate action in response to unethical
find that unethical behavior in the conduct
workplace can be deterred by
Duty-based ethical standards are philosophical reasoning
most likely to derive from
Maria, the manager of Soy Farm, Inc., the principle of rights theory
must decide whether to plant
genetically modified seed that could
spread to the crop of an adjacent
farm, whose owner opposes its use.
Not using the seed could cut Soy's
production and profitability, impacting
its owners, employees, creditors, and
others. If Maria considers all these
factors in making her decision, she is
likely applying
, Peanut Products Company (PPC) outcome-based ethics
makes goods that can cause severe
health problems to those with peanut
allergies. PPC analyzes the cost of
warning people of the risk (which the
company's management sees as
obvious) and the harm to people if no
warning is provided. This analysis most
likely is part of
Making a business decision based on rationalizing the decision
its projected financial outcome and
then arguing that the decision is
ethical is
Which statement describes cyberlaw? It modifies traditional laws in relation to the online
environment
Which statement accurately describes It is a body of law established by court decisions
common law?
A buyer enters a contract to buy a Equitable
new house. The seller breaches the
agreement after the buyer made a
deposit. The seller offers to return the
deposit, but the buyer wants to buy
the house. Which type of remedy will
this buyer seek?
What happens when a state law is in The federal law displaces state law.
conflict with a federal law?
Questions With Complete Solutions
Save
Terms in this set (373)
The US Constitution sets forth the limits and powers
government's
Laws enacted by legislative bodies at statutory law
any level of government make up the
body of law generally referred to as
The Uniform Commercial Code commercial transactions
provides a set of rules governing
Administrative law includes the rules, orders, and decisions of a government
agency
The classification of law that concerns civil law
the rights and duties that exist
between persons and between
citizens and their government is
Criminal statutes proscribe what? Wrongs committed against society for which society
demands redress.
In a civil case, the object is to obtain a remedy to compensate the injured party
In a criminal case, the object is to punish a wrongdoer to deter others from similar
actions
A precedent is court decision that furnishes an example of deciding
subsequent cases involving similar or identical facts
or principles
,Each court has a jurisdiction. the geographic area in which a court has the power
Jurisdiction is best defined as to apply the law
When Lara and Mick cannot resolve the plaintiff
their dispute amicably, Lara initiates a
lawsuit against Mick. Lara is
In a case the court may rule contrary is incorrect or inapplicable
to a precedent if the court decides
that the precedent
The federal government has the the commerce clause
power to regulate commercial
activities among states under
NatGas Corporation obtains a federal the supremacy clause
license to operate a gas pipeline
through a certain area of Oregon. The
Oregon state legislature enacts a law
that bans gas pipelines in that area.
Most likely, the state law violates
Jamal, a law enforcement agent, privacy
monitors Kaya's internet activities--
email and websites visited--to gain
access to her personal financial data
and student information. this may
violate Kaya's right to
To reduce traffic, Market Town enacts equal protection
an ordinance that allows only a few
specific street vendors to operate in
certain areas. A court would likely
review this ordinance under the
principles of
,Cloud Source LLC sells to Distribution ethical and legal
Inc. a promising idea for a
technological innovation that looks
promising but that is still being
developed. This sale is
Built-It Inc. applied an inexpensive but unethical because the technique was untested
untested technique to brace a transit
tunnel wall. The technique was legal,
but the tunnel collapsed, killing
several commuters. Built-It's action
was
The National Association of the commitment of NAM's members to enforcing the
Manufacturers (NAM) announces a code
new industry code of ethics. The
effectiveness of this code will be
determined by
Company managers are most likely to taking immediate action in response to unethical
find that unethical behavior in the conduct
workplace can be deterred by
Duty-based ethical standards are philosophical reasoning
most likely to derive from
Maria, the manager of Soy Farm, Inc., the principle of rights theory
must decide whether to plant
genetically modified seed that could
spread to the crop of an adjacent
farm, whose owner opposes its use.
Not using the seed could cut Soy's
production and profitability, impacting
its owners, employees, creditors, and
others. If Maria considers all these
factors in making her decision, she is
likely applying
, Peanut Products Company (PPC) outcome-based ethics
makes goods that can cause severe
health problems to those with peanut
allergies. PPC analyzes the cost of
warning people of the risk (which the
company's management sees as
obvious) and the harm to people if no
warning is provided. This analysis most
likely is part of
Making a business decision based on rationalizing the decision
its projected financial outcome and
then arguing that the decision is
ethical is
Which statement describes cyberlaw? It modifies traditional laws in relation to the online
environment
Which statement accurately describes It is a body of law established by court decisions
common law?
A buyer enters a contract to buy a Equitable
new house. The seller breaches the
agreement after the buyer made a
deposit. The seller offers to return the
deposit, but the buyer wants to buy
the house. Which type of remedy will
this buyer seek?
What happens when a state law is in The federal law displaces state law.
conflict with a federal law?
