CBAD 344 Exam 1: Critical Insights into
Business Administration
Constitutional Law - correct answer ✔✔The body of law derived from the U.S. Constitution and the
constitutions of the various states.
Statutory Law - correct answer ✔✔The body of law enacted by legislative bodies (as opposed to
constitutional law, administrative law, or case law).
Uniform Law - correct answer ✔✔A model law developed by the National Conference of Commissioners
on Uniform State Laws for the states to consider enacting into statute.
Administrative Law - correct answer ✔✔The body of law created by administrative agencies in order to
carry out their duties and responsibilities.
Enabling Legislation - correct answer ✔✔A statute enacted by Congress that authorizes the creation of
an administrative agency and specifies the name, composition, purpose, and powers of the agency being
created.
Rulemaking - correct answer ✔✔The process by which an administrative agency formally adopts a new
regulation or amends an old one.
Legislative Rule - correct answer ✔✔An administrative agency rule that carries the same weight as a
congressionally enacted statute.
Interpretive Rule - correct answer ✔✔A nonbinding rule or policy statement issued by an administrative
agency that explains how it interprets and intends to apply the statutes it enforces.
Administrative Law Judge (ALJ) - correct answer ✔✔One who presides over an administrative agency
hearing and has the power to administer oaths, take testimony, rule on questions of evidence, and make
determinations of fact.
, Case Law - correct answer ✔✔The rules of law announced in court decisions. Case law interprets
statutes, regulations, constitutional provisions, and other case law.
Common Law - correct answer ✔✔The body of law developed from custom or judicial decisions in
English and U.S. courts, not attributable to a legislature.
Precedent - correct answer ✔✔A court decision that furnishes an example or authority for deciding
subsequent cases involving identical or similar facts.
Stare Decisis - correct answer ✔✔A common law doctrine under which judges are obligated to follow
the precedents established in prior decisions.
Binding Authority - correct answer ✔✔Any source of law that a court must follow when deciding a case.
Persuasive Authority - correct answer ✔✔Any legal authority or source of law that a court may look to
for guidance but need not follow when making its decision.
Remedy - correct answer ✔✔The relief given to an innocent party to enforce a right or compensate for
the violation of a right.
Plaintiff - correct answer ✔✔One who initiates a lawsuit
Defendant - correct answer ✔✔One who is being accused of a criminal act
Equitable Principles and Maxims - correct answer ✔✔General propositions or principles of law that have
to do with fairness (equity).
Substantive Law - correct answer ✔✔Law that defines, describes, regulates, and creates legal rights and
obligations.
Business Administration
Constitutional Law - correct answer ✔✔The body of law derived from the U.S. Constitution and the
constitutions of the various states.
Statutory Law - correct answer ✔✔The body of law enacted by legislative bodies (as opposed to
constitutional law, administrative law, or case law).
Uniform Law - correct answer ✔✔A model law developed by the National Conference of Commissioners
on Uniform State Laws for the states to consider enacting into statute.
Administrative Law - correct answer ✔✔The body of law created by administrative agencies in order to
carry out their duties and responsibilities.
Enabling Legislation - correct answer ✔✔A statute enacted by Congress that authorizes the creation of
an administrative agency and specifies the name, composition, purpose, and powers of the agency being
created.
Rulemaking - correct answer ✔✔The process by which an administrative agency formally adopts a new
regulation or amends an old one.
Legislative Rule - correct answer ✔✔An administrative agency rule that carries the same weight as a
congressionally enacted statute.
Interpretive Rule - correct answer ✔✔A nonbinding rule or policy statement issued by an administrative
agency that explains how it interprets and intends to apply the statutes it enforces.
Administrative Law Judge (ALJ) - correct answer ✔✔One who presides over an administrative agency
hearing and has the power to administer oaths, take testimony, rule on questions of evidence, and make
determinations of fact.
, Case Law - correct answer ✔✔The rules of law announced in court decisions. Case law interprets
statutes, regulations, constitutional provisions, and other case law.
Common Law - correct answer ✔✔The body of law developed from custom or judicial decisions in
English and U.S. courts, not attributable to a legislature.
Precedent - correct answer ✔✔A court decision that furnishes an example or authority for deciding
subsequent cases involving identical or similar facts.
Stare Decisis - correct answer ✔✔A common law doctrine under which judges are obligated to follow
the precedents established in prior decisions.
Binding Authority - correct answer ✔✔Any source of law that a court must follow when deciding a case.
Persuasive Authority - correct answer ✔✔Any legal authority or source of law that a court may look to
for guidance but need not follow when making its decision.
Remedy - correct answer ✔✔The relief given to an innocent party to enforce a right or compensate for
the violation of a right.
Plaintiff - correct answer ✔✔One who initiates a lawsuit
Defendant - correct answer ✔✔One who is being accused of a criminal act
Equitable Principles and Maxims - correct answer ✔✔General propositions or principles of law that have
to do with fairness (equity).
Substantive Law - correct answer ✔✔Law that defines, describes, regulates, and creates legal rights and
obligations.
