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Business Law
Ethics, sources of law, and legal system
| Term | Definition |
|---|---|
| Administrative Law | Body of rules created by government regulatory agencies |
| Case Law | Based on an appealed case ruling, an appellate court sets precedence for future cases |
| English Common Law | Product of custom-based laws being unified by England |
| Ethics | Deciding what is a right or wrong action in a reasoned, impartial manner |
| Greatest Good | Examines whether the action will cause the greatest good for the greatest number of people |
| Law of Precedent | When a judge is required to follow an earlier court decision when deciding a case with similar circumstances, also called stare decisis, “let the decision stand”. |
| Statutory Law | Act of a federal, state legislature or local government that declares, prescribes, or commands something. Specific law expressed in writing. |
| The Golden Rule | “Do unto others as you would have them do unto you” |
| Consequential Ethical Reasoning | Making ethical decisions based off the consequences to the action - Alternative ways to change the current situation -Evaluates each alternative -Generates the greatest good |
| Rule Based Ethical Reasoning | -Fundamental ethical rule -Either a recognized authority or human reasoning - Acts themselves are judged as right or wrong |
| Ethics as Reflected in U. S. Laws and the U. S. Constitution | Laws are judged to be right or good when they affect the majority of the people in a positive manner |
| Executive Branch | President and Vice President; implements and enforces laws |
| Judicial Branch | U.S. Supreme Court; decides constitutionality of bill/law from legislative branch, and whether action from executive branch exceeds their powers, if so, they can void it. |
| Legislative Branch | U.S. Senate and U.S. House of Representatives; makes laws |
| Federal Bureau of Investigation (FBI) | Law enforcement agency that upholds the law through investigation of violations of federal crime statutes |
| North Carolina State Bureau of Investigation (SBI) | Division of NC Department of Justice; Assists local law enforcement with criminal investigations |
| North Carolina State Highway Patrol | Reduce collisions and make the highways as safe as possible. Active patrol and enforcement of N. C. State statutes and laws for motor vehicle operation |
| Police Departments | Within the corporate limits of their city or jurisdiction and one mile outside these limits. Same powers that are vested to all officers by statute and common law, to enforce the laws and statutes of the State of NC |
| United States Marshal Service | Apprehend federal fugitives Protect the federal judiciary Operate the Witness Security Program Transport federal prisoners Seize property acquired by criminals through illegal activities |
Created by:
akhunter
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