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Acquistion - Answer-The act of assuming possession of another company or corporation. Administrative Law - Answer-Administrative Law rules the administrative activities of government agencies. Affidavit - Answer-A written statement made under oath before an officer of the court, a notary public, or other person legally authorized to certify the statement. Affirmative Action - Answer-Steps taken to correct conditions resulting from past discrimination or from violations of a law, particularly with respect to employment. American Disabilities Act (ADA) - Answer-ADA is a U.S. law that gives civil rights to disabled persons. That includes equal opportunities in access and use of places such as transportation and buildings. Appeal - Answer-A request to the higher court for review of the lower courts decision. Often, a reversal of judgement is desired. Arbitration - Answer-The procedure by which a dispute may be resolved by an impartial mediator who is not a judge. Arbitration is often used to limit legal cost to both parties. Back Pay - Answer-Money rewarded to an employee in a lawsuit that would have been earned if the employee was not fired or denied a promotion illegally. Bait and Switch - Answer-A dishonest sales practice in which a business advertises a bargain price for an item in order to draw customers into the store. The customer is then told that the advertised item is no longer available and attempts to sell them a higher priced item. Breach of Contract - Answer-Failure to perform provisions of a contract. Business Law - Answer-Business law involves issues relating to business organizations, business structures, and business transactions. Also included in the business law field are issues related to real estate, taxes, and the environment. Business Ownership - Answer-Business Ownership can be defined as how a business is legally set up. Sole proprietership, partnership and corporations are all ownership options. Bylaws - Answer-The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management.. Bylaws govern such matters as holding meetings, voting, quorums, elections, and the powers of directors and officers. Cafeteria Plan - Answer-An employment benefits plan in which the employee selects benefits from a "menu" up to a specified dollar amount.


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