MGMT 311 EXAM 1 UPDATED TEST BANK 2026
FULL SOLUTIONS GRADED A+
⁕ Constitutions.Answer: Establishes organization, powers, and limits of governments
⁕ U.S. Constitution.Answer: - supreme law of the land
-creates national government
-10th amendment reserves all powers not granted to federal government to states
⁕ State Constitutions.Answer: -creates state government
-highest form of law within state
-subject to U.S. constitution
⁕ Statutory Law.Answer: The body of law enacted by legislative bodies:
-federal statutes
-state statutes
-municipal/county
⁕ Uniform Laws.Answer: State Legislatures can choose to adopt or reject, and make in own
words. if adopted it becomes part of state statutory law
⁕ UCC.Answer: Uniform Commercial Code: Most accepted uniform law; facilitates
commerce between states by using uniform and flexible set of rules for commercial
transactions
⁕ Administrative Law.Answer: Can have local, state, or federal agencies
Agency functions:
1. rule making
2. Investigating enforcement
, 3. Judging violation of law
⁕ Federal agencies.Answer: -executive agencies (part of executive branch): appointed by
president EX: U.S. FDA
-independent regulatory agencies (not part of executive branch) ex: SEC
⁕ Common Law.Answer: Judge-made law, including interpretations of constitutional
provisions, of statutes enacted by legislatures, and of regulations created by administrative
agencies.
⁕ Courts of Law.Answer: A court in which the only remedies that can be granted are things of
value, such as money damages.
(similar to early Kings Courts)
⁕ Legal Remedies (Remedies at Law).Answer: A remedy available in a court of law. Money
damages are awarded as a remedy at law.
⁕ Compensatory Damages.Answer: -is a legal remedy, trying to make plaintiff whole again
1. Special Damages (quantifiable)
a. Loss of time (actual time lost (from work))
b. loss of money ($ spent, such as ambulance)
c. Property damages
2. General Damages (NON-quantifiable)
a. pain and suffering ($ amount to pain)
b. injury to reputation (hurt social status)
c. mental anguish(emotional pain and suffering)
d. disfigurement (scars, burns, loss of function)
e. loss of earning capacity(loss ability to work)
⁕ Punitive/exemplary damages.Answer: Still monetary
FULL SOLUTIONS GRADED A+
⁕ Constitutions.Answer: Establishes organization, powers, and limits of governments
⁕ U.S. Constitution.Answer: - supreme law of the land
-creates national government
-10th amendment reserves all powers not granted to federal government to states
⁕ State Constitutions.Answer: -creates state government
-highest form of law within state
-subject to U.S. constitution
⁕ Statutory Law.Answer: The body of law enacted by legislative bodies:
-federal statutes
-state statutes
-municipal/county
⁕ Uniform Laws.Answer: State Legislatures can choose to adopt or reject, and make in own
words. if adopted it becomes part of state statutory law
⁕ UCC.Answer: Uniform Commercial Code: Most accepted uniform law; facilitates
commerce between states by using uniform and flexible set of rules for commercial
transactions
⁕ Administrative Law.Answer: Can have local, state, or federal agencies
Agency functions:
1. rule making
2. Investigating enforcement
, 3. Judging violation of law
⁕ Federal agencies.Answer: -executive agencies (part of executive branch): appointed by
president EX: U.S. FDA
-independent regulatory agencies (not part of executive branch) ex: SEC
⁕ Common Law.Answer: Judge-made law, including interpretations of constitutional
provisions, of statutes enacted by legislatures, and of regulations created by administrative
agencies.
⁕ Courts of Law.Answer: A court in which the only remedies that can be granted are things of
value, such as money damages.
(similar to early Kings Courts)
⁕ Legal Remedies (Remedies at Law).Answer: A remedy available in a court of law. Money
damages are awarded as a remedy at law.
⁕ Compensatory Damages.Answer: -is a legal remedy, trying to make plaintiff whole again
1. Special Damages (quantifiable)
a. Loss of time (actual time lost (from work))
b. loss of money ($ spent, such as ambulance)
c. Property damages
2. General Damages (NON-quantifiable)
a. pain and suffering ($ amount to pain)
b. injury to reputation (hurt social status)
c. mental anguish(emotional pain and suffering)
d. disfigurement (scars, burns, loss of function)
e. loss of earning capacity(loss ability to work)
⁕ Punitive/exemplary damages.Answer: Still monetary
