BUL 4421-MIDTERM FAU GENDLER EXAM WITH COMPLETE SOLUTIONS

Bul 4421-Midterm Fau Gendler Exam With
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Complete Solutions b b




Chapter M1: MIntroduction Mto MBusiness MLaw M- MCORRECT MANSWER-Chapter M1:
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MIntroduction Mto MBusiness MLaw
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Relevant Mareas Mof Mbusiness Mlaw Mapplicable Mto Mhuman Mrecourse Mmanagement
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Minvolve M(4): M- MCORRECT MANSWER-1. MAgency Mlaw
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2. MContracts
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3. MEmployment Mand Mlabor Mlaws
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4. MEmployment Mdiscrimination
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This Mtype Mof Mlaw Mregulates Mdisputes Mbetween Mprivate Mindividuals Mor Mgroups.
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(Ex: Mdispute Mbetween Mlandlord Mand Mtenant Mgoverned Mby Mprivate Mlaw). M-
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MCORRECT MANSWER-Private Mlaw
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This Mtype Mof Mlaw Mregulates Mdisputes Mbetween Mprivate Mindividuals Mand
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Mgovernment.
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(Ex: Mdumping Min Mviolation Mof Mstate Mor Mfederal Menvironmental Mlaws). M- MCORRECT
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MANSWER-Public Mlaw
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This Mtype Mof Mlaw Mdelineates Mthe Mrights Mand Mresponsibilities Mimplied Min
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Mrelationship Mbetween Mpersons, Mor Mbetween Mperson Mand Mtheir Mgovernment. M-
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MCORRECT MANSWER-Civil Mlaw
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This Mtype Mof Mlaw Mregulates Mincidents Min Mwhich Msomeone Mcommits Man Mact
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Magainst Mthe Mpublic Mas Ma Mwhole, Msuch Mas Mby Mconducting Minsider Mtrading Mon Mthe
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Mstock Mexchange.
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- MGovernment Mis Mplaintiff M- MCORRECT MANSWER-Criminal Mlaw
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Put Mthese Mlaws Min Morder Mof MHierarchy Mof MLaws: MStates MStatutes, MU.S.
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MConstitutions, MCommon MLaw, Mstate Mconstitution, Mand MFederal MStatutes M-
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MCORRECT MANSWER-- MU.S. MConstitutions
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- MFederal MStatutes
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- MState MConstitution
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- MState MStatutes
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- MCommon MLaw
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,Collection Mof Mlegal Minterpretations Mmade Mby Mjudges, Mand Mare Mlaw Munless
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Mrevoked Mby Mnew Mstatutory Mlaw. M- MCORRECT MANSWER-Common MLaw M(aka
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MCase MLaw)
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Past Mdecisions Min Msimilar Mcases Mthat Mguide Mlater Mdecisions Mthereby Mproviding
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Mgreater Mstability Mand Mpredictability Mto Mthe Mlaw. M- MCORRECT MANSWER-
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Precedent

A Mprinciple Mstating Mthat Mrulings Mmade Min Mhigher Mcourts Mare Mbinding Mprecedent
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Mfor Mlower Mcourts. MLatin Mfor M"standing Mby Mthe Mdecision." M- MCORRECT
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MANSWER-Stare MDecisis
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1. MSummaries Mof Mcommon Mlaw Mrules Min Ma Mparticular Marea Mof Mthe Mlaw Mthat Mhave
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Mbeen Menacted Min Mmost Mstates.
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2. MThey Mdo Mnot Mcarry Mthe Mweight Mof Mthe Mlaw Mbut Mguide Minterpretations Mof
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Mcertain Mprinciples. M- MCORRECT MANSWER-Restatements Mof Mthe MLaw
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Certain Mhabits Mof Mmind Mand Mspecific Mbeliefs Mabout Mhuman Mnature. MBeliefs Mare
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Mdeeply Mrooted Mwithin Ma Mperson's Memotions Mand Mhabits, Mand Mthus Mthey Mare
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Msure Mto Mguide Mone's Mopinions Mand Mdecisions. MSuch Mbeliefs Mmay Mbe Mcommonly
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Mheld Mand Mcreate Mmuch Mlarger Mschools Mof Mthought Mthus Mthey Mare Mmore
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Mcommon Mguides Mto Mlegal Minterpretation. M- MCORRECT MANSWER-Schools Mof
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MJurisprudence
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Name Mthe M(5) MSchools Mof MJurisprudence: M*CH*i*LL*i*N* M- MCORRECT MANSWER-
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1. MCost Mbenefit Manalysis
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2. MHistorical MSchool
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3. MLegal MPositivism
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4. MLegal MRealism
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5. MNatural MLaw
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The Mschool Mof Mjurisprudence Mthat Mrecognizes Mthe Mexistence Mof Mhigher Mlaw, Mor
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Mlaw Mthat Mis Mmorally Msuperior Mto Mhuman Mlaws. M- MCORRECT MANSWER-Natural
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MLaw
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The Mschool Mof Mjurisprudence Mwhich Mholds Mthat Mbecause Msociety Mrequires
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Mauthority, Ma Mlegal Mand Mauthoritative Mhierarchy Mshould Mexist. MWhen Ma Mlaw Mis
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Mmade, Mtherefore, M*obedience Mis Mexpected Mbecause Mauthority Mcreated Mit.*
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1. MMust Mabide Mby Mduly Mauthorized Mlaw
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2. MLaw Mis Mdistinct Mfrom Mmorality
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3. MMoral Mquestions Mabout Mthe Mlaw Mshould Mnot Minterfere Mwith Mour Minclination Mto
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Mobey Mit.
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4. MA Mjudge Mmay Mwrite Mthat Mshe Mis Mdeciding Mto Menforce Mthe Mlaw Min Mquestion
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Mbut Mthat Mher Mdecision Mdoes Mnot Mnecessarily Mmean Mshe Msees Mthe Mlaw Mas Mthe
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Mmorally Mcorrect Mrule. M- MCORRECT MANSWER-Legal MPositivism
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, A Mschool Mof Mjurisdiction Mthat:
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1. MFollows Mtradition Mor Mcustom Mto Mshape Mthe Mlaw
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2. MIs Mclosely Mlinked Mwith Mthe Mdoctrine Mof Mstare Mdecisis
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3. MWe Massume Mpast Mpractice Mwas Mthe Mproduct Mof Mcareful Mthought. M- MCORRECT
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MANSWER-Historical MSchool M(aka Mtradition Mor Mcustom)
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Judges Mwho Mfollow Mthis Mschool Mof Mthought Mare Mmore Mlikely Mto Mdepart Mfrom Mpast
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Mcourt Mdecisions Mto Maccount Mfor Mthe Mfact Mthat Mour M*society Mis Mconstantly Mshifting
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Mand Mevolving.*
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1. MJudges Mshould Mconsider Mmore Mthan Mjust Mthe Mlaw
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2. MJudges Mshould Mconsider Mfactors Msuch Mas Msocial Mand Meconomic Mconditions
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(Ex: MThe Mlaw Mprotects Mpregnant Mwomen) M- MCORRECT MANSWER-Legal MRealism
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An Meconomic Mschool Mof Mjurisprudence Min Mwhich Mall Mcosts Mand Mbenefits Mof Ma Mlaw
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Mare Mgiven Mmonetary Mvalues. MThose Mlaws Mwith Mthe Mhighest Mratios Mof Mbenefits Mto
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Mcosts Mare Mthen Mpreferable Mto Mthose Mwith Mlower Mratios.
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(Ex: M(i) MPolluted Mland Mis Man Meconomic Mloss, Mas Mit Mcannot Mbe Mused Mfor Mfarming
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Mor Mrecreation. MPolluted Mwater Mcan Mbe Mtoxic Mfor Mfish Mand Mcannot Mbe Mused Mfor
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Mdrinking M(ii) Mthe Mprice Mof Menvironmental Mcleanup Mand Mlost Mproductivity Min Mthe
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Meconomy Mas Ma Mwhole Mmay Mbe Meven Mgreater. M- MCORRECT MANSWER-Cost
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MBenefit MAnalysis
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Chapter M2: MBusiness MEthics M- MCORRECT MANSWER-Chapter M2: MBusiness MEthics
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The Muse Mof Methics Mand Methical Mprinciples Mto Msolve Mbusiness Mdilemmas. M-
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MCORRECT MANSWER-Business MEthics
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Example Mof Mbad MBusiness MEthics: M- MCORRECT MANSWER-Ex: MAccutane
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- MIs Ma Mcompany Mdoing Mthe Mright Mthing Mwhen Mit Mattempts Mto Mreduce Mthe Mcosts
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Mof Madvertising Mby Mnot Mlisting Mall Mpossible Mcomplications Mof Mthe Mmedicine Mfor
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Mthe Mconsumer?
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Business MEthics Minclude M(but Mare Mnot Mlimited Mto) M(3): MP,C, MSR M- MCORRECT
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MANSWER-1. MDecisions Min Mchoosing Ma Mmethod Mof M*production.*
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2. MDecisions Mregarding Mhow Mto M*compete* Mwith Mcompeting Mfirms.
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3. M*Social Mresponsibilities* Mof Mthe Mfirm
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Decisions Min Mchoosing Ma Mmethod Mof Mproduction M(example: Mbribes): M- MCORRECT
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MANSWER-1. MDealing Mwith Mbribes
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2. MSome Mcompanies Monly Mwork Mon Mbribes Min Morder Mto Msupply Mit.
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3. MSiemens MAG Mis Mnow Mforced Mto Mrestructure Mitself Mto Mdo Mbusiness Methically
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Mand Mlegally.
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WPH MFramework Mfor MBusiness MEthics M(3): M- MCORRECT MANSWER-1.* MWho* Mthe
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Mdecision Mimpacts M(stakeholders)
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2. M*Purpose* Mof Mthe Mdecisions
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