BUL4421 MIDTERM – GENDLER EXAM
QUESTIONS AND ANSWERS
Agency Law - Correct Answers -Relevant areas of business law applicable to human
resource management involve
Contracts - Correct Answers -Relevant areas of business law applicable to human
resource management involve
Employment and Labor Law - Correct Answers -Relevant areas of business law
applicable to human resource management involve
Employment Discrimination - Correct Answers -Relevant areas of business law
applicable to human resource management involve
Private Law - Correct Answers -regulates disputes between private individuals or
groups
Example of Private Law - Correct Answers -dispute between landlord & tenant
Public Law - Correct Answers -regulates disputes between private individuals &
government
Example of Public Law - Correct Answers -dumping in violation of state or federal
environmental laws
Civil Law - Correct Answers -delineates the rights and responsibilities implied in
relationships between persons and between persons and their government
Criminal Law - Correct Answers -regulates incidents in which someone commits an act
against the public as a whole
Example of Criminal Law - Correct Answers -conducting insider trading on the stock
exchange
Hierarchy of Laws - Correct Answers --U.S. Constitution
-Federal Statutes
-State Constitution
-State Statutes
-Common Law
, Common Law - Correct Answers -collection of legal interpretations made by judges, and
are law unless revoked by new statutory law
Precedent - Correct Answers -past decisions in similar cases that guide later decisions
Precedent provides - Correct Answers -greater stability and predictability to the law
Example of Stare Decisis - Correct Answers -when courts rely on precedent, they are
obeying this principle
-"standing by their decision"
Stare Decisis - Correct Answers -rulings made in higher courts become binding
precedent for lower courts
Restatements of the Law - Correct Answers -summaries of common law rules in a
particular area of the law that have been enacted in most states
Schools of Jurisprudence - Correct Answers --Natural Law
-Legal Positivism
-Historical School
-Legal Realism/Relativism
-Cost/Benefit Analysis
Natural Law - Correct Answers -describes certain ethical laws and principles believed to
be morally right and "above" the laws devised by humans
Legal Positivism - Correct Answers -must abide by duly authorized law, law is distinct
from morality
Historical School - Correct Answers -Following tradition or custom to shape the law
Closely Linked - Stare Decisis - Correct Answers -Closely Linked - Historical School
Legal Realism/Relativism - Correct Answers -judges should consider more than just the
law, such as social and economic conditions
Cost/Benefit Analysis - Correct Answers -law should yield more benefits than it costs,
and if so, resources saved can be used to obtain more goods and services
Business Ethics - Correct Answers -the application of ethics to special problems and
opportunities experienced by business people
Business Ethics include (but not limited to) - Correct Answers -decisions in choosing a
method of production
QUESTIONS AND ANSWERS
Agency Law - Correct Answers -Relevant areas of business law applicable to human
resource management involve
Contracts - Correct Answers -Relevant areas of business law applicable to human
resource management involve
Employment and Labor Law - Correct Answers -Relevant areas of business law
applicable to human resource management involve
Employment Discrimination - Correct Answers -Relevant areas of business law
applicable to human resource management involve
Private Law - Correct Answers -regulates disputes between private individuals or
groups
Example of Private Law - Correct Answers -dispute between landlord & tenant
Public Law - Correct Answers -regulates disputes between private individuals &
government
Example of Public Law - Correct Answers -dumping in violation of state or federal
environmental laws
Civil Law - Correct Answers -delineates the rights and responsibilities implied in
relationships between persons and between persons and their government
Criminal Law - Correct Answers -regulates incidents in which someone commits an act
against the public as a whole
Example of Criminal Law - Correct Answers -conducting insider trading on the stock
exchange
Hierarchy of Laws - Correct Answers --U.S. Constitution
-Federal Statutes
-State Constitution
-State Statutes
-Common Law
, Common Law - Correct Answers -collection of legal interpretations made by judges, and
are law unless revoked by new statutory law
Precedent - Correct Answers -past decisions in similar cases that guide later decisions
Precedent provides - Correct Answers -greater stability and predictability to the law
Example of Stare Decisis - Correct Answers -when courts rely on precedent, they are
obeying this principle
-"standing by their decision"
Stare Decisis - Correct Answers -rulings made in higher courts become binding
precedent for lower courts
Restatements of the Law - Correct Answers -summaries of common law rules in a
particular area of the law that have been enacted in most states
Schools of Jurisprudence - Correct Answers --Natural Law
-Legal Positivism
-Historical School
-Legal Realism/Relativism
-Cost/Benefit Analysis
Natural Law - Correct Answers -describes certain ethical laws and principles believed to
be morally right and "above" the laws devised by humans
Legal Positivism - Correct Answers -must abide by duly authorized law, law is distinct
from morality
Historical School - Correct Answers -Following tradition or custom to shape the law
Closely Linked - Stare Decisis - Correct Answers -Closely Linked - Historical School
Legal Realism/Relativism - Correct Answers -judges should consider more than just the
law, such as social and economic conditions
Cost/Benefit Analysis - Correct Answers -law should yield more benefits than it costs,
and if so, resources saved can be used to obtain more goods and services
Business Ethics - Correct Answers -the application of ethics to special problems and
opportunities experienced by business people
Business Ethics include (but not limited to) - Correct Answers -decisions in choosing a
method of production
