Bus 218 stuvia Study guides, Class notes & Summaries

4 primary sources of law - Answer 1) constitutional law- highest law in a particular jurisdiction 2) statutory law- (legislation) 3) administrative law- (regulations & rulings) 4) case law- (judge made law) Common Law - Answer is case law - derived by following earlier judicial decisions in England the word "common law" sometimes used to refer to the entire common law system... to distinguish it from the civil law system. Case Law - Answer Judicial interpretations of common law pri...

The common law governs all areas not covered by statutory or administrative law T/F - Answer true If a provision in the Florida state constitution conflicts with a provision in the U.S. Constitution, - Answer the U.S. Constitution takes precedence Administrative law consists of ___________________________ - Answer rules, orders, and decisions of government agencies A decision on a given issue by a court is NOT binding on an inferior court T/F - Answer false A court may depart from it...

Which of the following is the correct definition of GDP? a. the market value of all final goods and services produced within a country in a given period of time. b. the market value of all final goods and - Answer a. The market value of all final goods and services produced within a country in a given period of time. To judge whether or not an economy is doing well, it is useful to look at. - Answer GDP The US Gross domestic product (GDP) is the market value of all final goods and serv...

The common law governs all areas not covered by statutory or administrative law T/F - Answer true If a provision in the Florida state constitution conflicts with a provision in the U.S. Constitution, - Answer the U.S. Constitution takes precedence Administrative law consists of ___________________________ - Answer rules, orders, and decisions of government agencies A decision on a given issue by a court is NOT binding on an inferior court T/F - Answer false A court may depart from it...

To judge whether or not an economy is doing well, it is useful to look at a. GDP b. the inflation rate c. the unemployment rate d. the trade deficit - Answer a. GDP The US Gross domestic product (GDP) is the market value of all final goods and services produced ........ in a given period of time. a. By all permanent residents and foreigners with in the border of the US b. by all American companies no matter where c. By all of the US citizens all around the world. d. Inside and o...

According to the principle of federalism established by the U.S. Constitution, how is the authority to govern allocated? - Answer It is divided between federal and state governments. The state of Michigan is getting ready to pass legislation that impacts businesses within its state and this legislation is not addressed by powers in the Constitution. Which amendment is implicated? - Answer Tenth Why must federal legislation that affects business be based on an expressed constitutional grant...

relationship between "machine code" and "assembly language" - Answer they have 1 to 1 ratio layout of rax register - Answer rax - 64 bits (entire register) or 8 bytes eax - lower 32 bits or 4 bytes ax - lower 16 bits or 2 bytes ax = ah:al al and ah - 8 bits or 1 byte al - lowest 8 bits bits in al - Answer 8 bits in rcx - Answer 64 bits in bx - Answer 16 bits in edx - Answer 32 what does rip register refer to - Answer instruction pointer register what does the rsp re...

Long arm statute - Answer Court can exercise personal jurisdiction over certain out of state defendants based on activities within the state Minimum Contacts (long arm statute requirement) - Answer Out of state company's connection to the state. I.e., Sold goods, caused accident, breached contract formed in the state, Advertises, history of purchase orders Rem jurisdiction - Answer Stat court jurisdiction over property within its boundaries General (Unlimited) Jurisdiction (subject ...

How many amendments are included in the Bill of Rights in the U.S. Constitution. - Answer 10 The ______ Amendment extends most of the provisions of the Bill of Rights to the states, prohibiting state interference in citizen's rights - Answer 14th Which amendment in the Bill of Rights guarantees a right to due process? - Answer 5th Cruel and unusual punishment is prohibited under the _______ Amendment. - Answer 8th Today, when the First Amendment is concerned, what does the term "po...

When can an arbitration award be set aside? - Answer If the award resulted from fraud, corruption, or the arbitrator misbehaved in a way that prejudiced the rights of the parties. Which of the following is not necessarily considered an alternative to litigation? - Answer Negotiation Which of the following is incorrect about a private trial? - Answer It is a matter of public record. Med-arb is which type of dispute resolution process? - Answer The parties agree to begin in mediation and ...