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BLW 302 > Exam 1 (Chapter 1&2) > Flashcards

Exam 1 (Chapter 1&2) Flashcards

1
Q

The body of rules governing individuals and their relationships

A

Law

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2
Q

Those laws enacted by some authorized governmental body

A

Public law

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3
Q

State and federal constitutions and statutes are examples of _________ law

A

Public

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4
Q

Those laws developed by individuals

A

Private law

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5
Q

Landlords usually having regulations for their tenants such as limits on what they can have on their balconies is an example of _______ law

A

Private

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6
Q

A violation that is wrong against society

A

Criminal law

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7
Q

A violation that is wrong against another person or persons

A

Civil law

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8
Q

Running a red light is an example of ______ law

A

Criminal

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9
Q

Laws that give rights and responsibilities

A

Substantive laws

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10
Q

Provide the means for enforcing substantive rights

A

Procedural laws

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11
Q

A developed body of law common that could be used to settle disputes

A

Common law

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12
Q

Stare decisis translates to…

A

“Let the decision stand”

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13
Q

A law passed by some governmental body and written in some form

A

Statutory law (aka codified law)

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14
Q

A body of law that attempts to do justice when the law does not provide a remedy, when the remedy is not enough, or when the application of the law is terribly unfair

A

Equity

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15
Q

Courts of equity could issue order, also know as _____, prohibiting certain conduct

A

Injunctions

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16
Q

What are the five purposes of law?

A

Keeping order, influencing conduct, honoring expectations, promoting equality, and law as the great compromiser

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17
Q

What are the 3 characteristics of law?

A

Flexibility, consistency, and pervasiveness

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18
Q

Belief that law’s authority comes from a higher and eternal authority and that any law that violates these natural laws is morally wrong.

A

Natural law theory

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19
Q

Slavery is a violation of which theory?

A

Natural law

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20
Q

Belief that that law is whatever those who are in charge say the law should be, that law comes from power

A

Power theory

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21
Q

Allow only those laws that serve to offer fairness, equality, and opportunity. Laws that deny due process or the right to be heard, are morally wrong

A

Justice theory

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22
Q

Provides that only those laws that serve to create and preserve order are valid. Allow laws that control behavior or provide conduct guidelines

A

Order Theory

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23
Q

Written laws enacted by some governmental body with the proper authority - legislatures, city governments, and countries - that are published and made available for public use and knowledge

A

Statues

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24
Q

Protect general rights such as speech, religion, and property

A

Constitutions

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25
Q

Contains all the federal agencies’ regulations, such as the rules and forms required for consumer loans

A

Code of Federal Regulations

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26
Q

Laws of the executive branch of the federal government that deal with those matters under the direct control of that branch

A

Executive orders

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27
Q

Contain the states’ criminal laws, laws for incorporation, laws governing partnerships, and contract laws

A

State codes

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28
Q

Laws that are drafted by groups of businesspeople scholars, and lawyers in an effort to maker interstates business less complicated; Contracts for the international sale of goods (CISG)

A

Uniform laws

29
Q

Governs contracts for the sale of goods, commercial paper, security interests, and other types of commerical transactions

A

Uniform Commercial Code (UCC)

30
Q

A form of statues, within their (cities, counties, townships) areas of power or control

A

Ordinances

31
Q

An agreement between or among nations signed by the leaders of the nations and ratified by the nations’ governing bodies

A

Treaty

32
Q

Treaties among two nations

A

Bilateral treaties

33
Q

Treaties among serval nations

A

Multilateral treaties

34
Q

A reflection of widely followed standards of behavior

A

Universal treaties

35
Q

Allows parties to decide how they want their legal relationship to be governed

A

Party autonomy

36
Q

A theory that protects governments from their actions being reviewed by courts in other countries

A

Act of state doctrine

37
Q

Focuses on how a business interacts with the community, the environment, and its neighbors

A

Business ethics

38
Q

Codified law; law created and enforced by governmental entities

A

Positive law

39
Q

Standards of behavior beyond legal requirements and grounded in various theories related to definitions of ethics

A

Ethical standards

40
Q

Religious beliefs or divine revelations. This kind of law never changed although statues and rules might; Ethical standards established by natural law

A

Divine Command theory or natural law theory

41
Q

Establishes moral standards according to the situation in which the ethical dilemma occurs

A

Moral relativism (aka: situational or circumstantial ethics)

42
Q

Requires that we act in the best interests of the most people

A

Utilitarianism (aka: greatest happiness principle)

43
Q

Requires us to act in a way that everyone would agree is “the right thing to do”; What is best for everyone

A

Theory of justice or the social contract

44
Q

Under _____ theory, we all have rights that cannot be infringed and the government’s job is to enforce those rights

A

Rights

45
Q

In terms of ethical dilemmas, which theory asks “is it legal”, “is it balanced”, and “how does it make me feel”?

A

Blanchard and Peale

46
Q

In terms of ethical dilemmas, which theory thinks employees should ask himself/herself whether he would be willing to see it described by a critical reporter on the from page of their local paper?

A

Front-Page-of-the-Newspaper Test

47
Q

In terms of ethical dilemmas, which theory asks “How would I view the issue if I stood on the other side of the fence”?

A

Laura Nash and Perspective

48
Q

In terms of ethical dilemmas, which theory consists of compliance, contribution, and consequences

A

Wall Street Journal Model

49
Q

In terms of ethical dilemmas, which theory says “Do unto others as you would have them do unto you”, “What if everyone was behaving as I am behaving?”

A

Kant’s Categorical Imperative/ Golden Rule

50
Q

Phrases such as “Everybody else does it”, “If we don’t do it, someone else will”, “That’s the way it has always been done”, “It doesn’t really hurt anyone”, “I was just following orders”, etc., are examples of why we fail to reach good decisions in _________ dilemmas

A

Ethical

51
Q

Those who are affected by business decisions

A

Stakeholders

52
Q

The business should consider the needs and interests of all of its stakeholders in resolving ethical dilemma it faces

A

Social responsibility

53
Q

The phase in which the industry is aware of a problem

A

Latency phase

54
Q

Stage that begins when the popular press reports on an issue and raises questions

A

Awareness stage

55
Q

When ethical employees are rewarded and unethical conduct is punished

A

Tone at the top

56
Q

Mandates the Federal Sentencing Commission to examine the types of things companies can do to improve the ethical culture, thereby reducing the risk of misconduct and earning sentence reductions for companies that attempt to create an ethical culture but still have a legal lapse

A

Sarbanes-Oxley

57
Q

The ethical tone of a company that can be enhanced by factors such as having a code of ethics, a means for employees to report misconduct anonymously, and sanctions and terminations for those employees and officers who violate the law and company rules

A

Ethical culture

58
Q

Where employees can anonymously report ethical violations

A

Hotline

59
Q

Theory of law that addresses the best way to approach the characteristics and role of law

A

Jurisprudence

60
Q

Laws passed by state legislatures including uniform laws on contracts and business organizations such as the Uniform Commercial Code

A

State statutes

61
Q

Regulations made known by state agencies

A

State administrative regulations

62
Q

Group of nations working collectively for uniform laws and barrier-free trade

A

European Union

63
Q

Ethical standards offset by behavior of norms and culture

A

Ethical norms

64
Q

Which philosopher believed reason is unaffected by desire

A

Aristotle

65
Q

Which philosopher believed rule of action which is prescribed by some superior and which the inferior is bound to obey

A

Blackstone

66
Q

Prisoners of war

A

Geneva Convention

67
Q

Diplomatic relations

A

Vienna Convention

68
Q

International adoption

A

Hague Convention

BLW 302 (1 decks)

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