Deca Entrepreneurship Exam Study Guide with Complete Solutions

Deca Entrepreneurship Exam Study Guide with Complete Solutions Sovereign Community - Correct Answer A legal concept stating that the courts in a country represent the country's laws, and their decisions cannot be reversed by the decision of courts in other countries. Legal concept that affects foreign countries Eminent Domain - Correct Answer the right of a government or its agent to take away private property for public use, with payment of compensation. Absolute privilege - Correct Answer An absolute defense to an otherwise defamatory statement because of the venue or context in which the statement was made. Social Responsibility - Correct Answer An organization or individual has an obligation to act for the benefit of society at large. Infringement - Correct Answer The action of breaking the terms of a law, agreement, etc. Defamation - Correct Answer A statement that injures a third party's reputation. National Labor Relations Act - Correct Answer to protect the rights of employees and employers, to encourage collective bargaining, and to lessen certain private sector labor and management practices Vocational Rehabilitation Act - Correct Answer Was put in place to correct the problem of discrimination against people with disabilities in the United States. Fair Labour Standards Act - Correct Answer A law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week.