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BLAW 2200 CH1. 1-3 STUDY QUESTIONS AND VERIFIED ANSWERS

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BLAW 2200 CH1. 1-3 STUDY QUESTIONS AND VERIFIED ANSWERS

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WorldCom case study:
what propted the actions of the CFO and comptroller?


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to deceive other by creating false reports without any basis for entries to
keep people from pulling their money.




Public law involves disputes between private individuals or groups and their ____.


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government

,Which of the following refers to ideas that underlie conversations about business
ethics?


a. theorems
b. postulates
c. values
d. accounts


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values: because we derive our ethics from the interplay of values.




A school of of jurisprudence that hold that context must be considered as well as law.
Context includes factors such as economic conditions and social conditions


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legal realism




Which of the following is a true statement regarding negotiation?


a. The plaintiff must be represented by an attorney during the negotiation process.
b. The defendant must be represented by an attorney during the negotiation process.
c. Business managers rarely use negotiation as a dispute resolution process.
d. Negotiation is an informal bargaining process.


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, d. negotiations are informal, to come to an agreement before having to go
to trial (pretrial state)




to receive the products of you labor


to treat all humans identically, regardless of race, class, gender, age and sexual
preference


to provide resources in proportion to need


to possess anything that someone else is willing to grant you


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justice




Generally, the _________ initiates a lawsuit by filing a(n) _______ in the appropriate court.


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Plaintiffs attorney, complaint




A treaty is similar to a ______ in that both are attempts by parties to determine rights and
obligations among themselves.


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, contract




What is the difference between jurisdiction and venue?
(explain venue)


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a geographic location that each states statutes determine. (usually where
the defendant resides).




Federal court system derives its power from____


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Article III, section 2 of the US Constitution and consists of three main levels




Polluted land is an economic loss, as it cannot be used for farming or recreation.
Polluted water can be toxic for fish and cannot be used for drinking (ii) the price of
environmental cleanup and lost productivity in the economy as a whole may be even
greater.


this is an example of?


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cost-benefit analysis school of interpretation

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