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Business Law Ch 1&2
NCCC Business Law Chapters 1 and 2
| Question | Answer |
|---|---|
| What are laws grouped into an organized form called? | Code |
| What do the following describe?1. Individuals take revenge2. Substitutes available for revenge3. Court system formed4. Central authority figure to prevent and punish wrongs. | Stages of Growth of Law |
| What are laws based on current standards and customs of the people. | Common laws |
| What means the power to decide a case? | Jurisdiction |
| Another word for fairness... | Equity |
| When constitutions are adopted or amended or when courts interpret constitutions, what is made? | Constitutional law |
| What are enforceable rule of conduct in a society that reflect the culture and circumstances that create them. | Laws |
| Legislatures acting for citizens enact these laws? | statutes |
| Legislation at the local level is usually called what? | ordinance |
| Governmental bodies formed to carry out particular laws are called? | administrative agencies |
| Judicial branch of grovernement create what kind of law? | case law |
| What is the highest sources of law? | Constitution |
| What is the "supreme law of the land?" | Constitution |
| Who are people who do not respect the law? | Scofflaws |
| What is an open, peaceful, violation of a law to protest its alleged injustice? | civil disobedience |
| What is an insurance policy that pays the employer money in the case of theft by employees? | fidelity bond |
| What is the capacity to do what is right even in the face of temptation or pressure to do otherwise? | Integrity |
| What is another name for civil rights? | Civil liberties |
| What are personal, human rights recognized and guarenteed by our Constitution? | Civil rights |
| In this type of system, laws are judged to be right or good when they affect the majority of people positively. What type of system is this? | Majority Rule |
| What is it if the acts themselves are judged as right or wrong? | fundamental ethical rules |
| What are the two sources for judging fundamental ethical rules? | recognized authority and human reasoning |
| What are the three steps in consequential reasoning? | Describe the alternative actions.Forecast the consequences.Evalutate the consequences. |
| What is the test to determine whethre an action is right or wrong in which you imagine everyone in the world doing that action? | universalizing |
| What is the standard for juding right or wrong? | The Good |
| What are the ethical principles used in making business decisions called? | business ethics |
| What is the idea that the same ethical standards are applied to everyone? | impartiality |
| What is the decision of what is right or what is wrong? | ethics |
Created by:
Ferox
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