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Examen

LES 305 Legal Environment of Business, LES 305, Complete Exam 1 Study Guide and Practice Questions with Answers..

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This document contains a comprehensive collection of LES 305 Exam 1 practice questions and answers covering the legal environment of business, ethics, civil procedure, court systems, jurisdiction, alternative dispute resolution, constitutional principles, corporate social responsibility, and business law concepts. It reviews key topics including federal and state courts, precedent, arbitration, mediation, discovery, ethical decision-making models, stakeholder theory, social responsibility schools, and landmark legal cases. The material is presented in a flashcard-style format, making it an excellent resource for exam preparation, concept review, and mastering foundational business law and ethics principles.

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Where is the appropriate place for the government to file and try the case involving
the violation of federal environmental laws by BP?


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federal district court




Emma Samuels is a resident of St. Johnsbury, Vermont. She was injured in an auto
accident in St. Johnsbury when a resident of Burlington, Vermont, struck her car from
behind. Emma wishes to bring suit to recover her medical costs and the costs to repair
her car. Emma's suit:


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is properly brought in Vermont's general trial court

,Jurisdiction is proper when a defendant:
a. owns property within the state when the property is the subject of the suit
b. agree to submit to a particular state's jurisdiction in a contract
c. is physically present or had minimum contacts within the state
d. all the above


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d. all the above




Appeals courts


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Review the records of the lower courts to determine if the law is applied
properly




"Business ought to serve society and it does so best when it is responsive to
shareholders" is the philosophy of which type of social responsibility school?


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invisible hand school




Once a court decision is issues, it cannot be reversed without legislative action
(True/False).


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, FALSE - the decision may be appealed




Which question is part of the Wall Street Journal Model?


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"What are the long-term and short-term consequences of this decision?"




The Wal-Mart case illustrates that


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a party to a lawsuit has the duty to preserve evidence if it knew that there
was a substantial chance of litigation and the evidence would be material
to it




If you sign a contract that includes language such as the following: "Any dispute
arising out of or in connection with this contact, including any question regarding its
existence, validity or termination, shall be referred to and finally resolved by binding
arbitration in Phoenix, Arizona. The award of the arbitrator shall be final and binding
and judgment thereon may be enforced by any court of competent jurisdiction."


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You have forfeited your right to file a lawsuit

Información del documento

Subido en
21 de julio de 2026
Número de páginas
24
Escrito en
2025/2026
Tipo
Examen
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