BUL 4421 - DEPARTMENT
ASSESSMENT REVIEW QUESTIONS
AND CORRECT ANSWERS
Business Ethics (ch. 2) ✅✅CORRECT ANSW-The application of ethics to the special problems and
opportunities experience by business people.
Business ethics builds on business law ✅✅CORRECT ANSW-The law both affects and is affected by
evolving ethical patterns.
but business law provides only a floor for business ethics, telling the business leaders the minimally
acceptable course of action.
In personam jurisdiction (ch. 3) ✅✅CORRECT ANSW-The power of a court to render a decision
affecting a person's legal rights.
Subject-matter jurisdiction ✅✅CORRECT ANSW-The power of a court to render a decision in a
particular type of case.
The three forms of Subject-matter jurisdiction are state, exclusive federal, and concurrent.
Alternative Dispute Resolution (ch. 4) ✅✅CORRECT ANSW-refers to resolution of legal disputes
through methods other than litigation, such as negotiation, mediation, arbitration, summary jury
trials, minitrials, neutral case evaluations, and private trials.
Benefits of ADR ✅✅CORRECT ANSW-why might a business prefer to resolve a dispute through
ADR rather than litigation?
Precedent (Ch. 1) ✅✅CORRECT ANSW-Judicial decisions often include interpretations of statues
and administrative regulations, as well as the reasoning they used to arrive at a decision.
Such reasons relies heavily on precedent, past decisions in similar cases that guide later decisions
thereby providing greater stability and predictability to the law.
, Stare Decisis ✅✅CORRECT ANSW-When courts rely on precedent, they are obeying the principle
of stare decisis ("standing by their decisions"), in which rulings made in higher courts become
binding precedent for lower courts. 9
When an issue is brought before a state court, the court will determine whether the state supreme
court has made a decision on a similar issue, which creates a binding precedent or pattern of law the
lower court must follow.
First, ADR methods are generally faster and cheaper than litigation.
Due Process (ch. 5) ✅✅CORRECT ANSW-For business people and corporations, the 5th
amendments due process clause provides extensive protection.
this clause states that government cannot deprive a person of life, liberty or property without due
process of law.
Due process clause guarantees two types of due process: procedural and substantive
✅✅CORRECT ANSW-Procedural due process - requires that the govt use fair procedures when
taking the life, liberty, or property of an individual or corporation.
Substantive due process - refers to the basic fairness of laws that may deprive an individual of life or
liberty.
Pretrial Criminal Procedure (ch. 7) ✅✅CORRECT ANSW-Ordinarily to obtain the necessary arrest
warrant, the agent must demonstrate that there is probable cause, or likelihood, that a suspect
committed or is planning to commit a crime.
Damages available in Tort Cases (ch. 8) ✅✅CORRECT ANSW-Because the primary objective of tort
law is to compensate victims, the primary type of damages is compensatory damages.
Damages available in tort cases: Nominal, punitive ✅✅CORRECT ANSW-Nominal Damages- small
amount of money given to recognize that a defendant did indeed commit a tort in a case where the
plaintiff suffered no compensable damages.
Punitive damages- awarded both to punish conduct that is extremely outrageous and to deter
similar activity by the defendant and others.
ASSESSMENT REVIEW QUESTIONS
AND CORRECT ANSWERS
Business Ethics (ch. 2) ✅✅CORRECT ANSW-The application of ethics to the special problems and
opportunities experience by business people.
Business ethics builds on business law ✅✅CORRECT ANSW-The law both affects and is affected by
evolving ethical patterns.
but business law provides only a floor for business ethics, telling the business leaders the minimally
acceptable course of action.
In personam jurisdiction (ch. 3) ✅✅CORRECT ANSW-The power of a court to render a decision
affecting a person's legal rights.
Subject-matter jurisdiction ✅✅CORRECT ANSW-The power of a court to render a decision in a
particular type of case.
The three forms of Subject-matter jurisdiction are state, exclusive federal, and concurrent.
Alternative Dispute Resolution (ch. 4) ✅✅CORRECT ANSW-refers to resolution of legal disputes
through methods other than litigation, such as negotiation, mediation, arbitration, summary jury
trials, minitrials, neutral case evaluations, and private trials.
Benefits of ADR ✅✅CORRECT ANSW-why might a business prefer to resolve a dispute through
ADR rather than litigation?
Precedent (Ch. 1) ✅✅CORRECT ANSW-Judicial decisions often include interpretations of statues
and administrative regulations, as well as the reasoning they used to arrive at a decision.
Such reasons relies heavily on precedent, past decisions in similar cases that guide later decisions
thereby providing greater stability and predictability to the law.
, Stare Decisis ✅✅CORRECT ANSW-When courts rely on precedent, they are obeying the principle
of stare decisis ("standing by their decisions"), in which rulings made in higher courts become
binding precedent for lower courts. 9
When an issue is brought before a state court, the court will determine whether the state supreme
court has made a decision on a similar issue, which creates a binding precedent or pattern of law the
lower court must follow.
First, ADR methods are generally faster and cheaper than litigation.
Due Process (ch. 5) ✅✅CORRECT ANSW-For business people and corporations, the 5th
amendments due process clause provides extensive protection.
this clause states that government cannot deprive a person of life, liberty or property without due
process of law.
Due process clause guarantees two types of due process: procedural and substantive
✅✅CORRECT ANSW-Procedural due process - requires that the govt use fair procedures when
taking the life, liberty, or property of an individual or corporation.
Substantive due process - refers to the basic fairness of laws that may deprive an individual of life or
liberty.
Pretrial Criminal Procedure (ch. 7) ✅✅CORRECT ANSW-Ordinarily to obtain the necessary arrest
warrant, the agent must demonstrate that there is probable cause, or likelihood, that a suspect
committed or is planning to commit a crime.
Damages available in Tort Cases (ch. 8) ✅✅CORRECT ANSW-Because the primary objective of tort
law is to compensate victims, the primary type of damages is compensatory damages.
Damages available in tort cases: Nominal, punitive ✅✅CORRECT ANSW-Nominal Damages- small
amount of money given to recognize that a defendant did indeed commit a tort in a case where the
plaintiff suffered no compensable damages.
Punitive damages- awarded both to punish conduct that is extremely outrageous and to deter
similar activity by the defendant and others.
