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Business Law Ch 1&2

NCCC Business Law Chapters 1 and 2

QuestionAnswer
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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